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1737 South Battlefield Boul...

Virginia Builders Holding LLC Acquires 23.5 Acres In Chesapeake VA From CFG Properties LLC For $4.15M
SOLDDevelopment Site

Virginia Builders Holding LLC Acquires 23.5 Acres In Chesapeake VA From CFG Properties LLC For $4.15M

1737 South Battlefield Boulevard

$4,150,000

Building Size

Asset Type

Development Site

Closing

May 28, 2026

AI

A development site encompassing 23.5 acres located at 1737 South Battlefield Boulevard in Chesapeake, Virginia, was sold for $4,150,000. This transaction involved a significant parcel of land suitable for future development endeavors.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,150,000
  • Buyer: Virginia Builders Holding, LLC
  • Seller: CFG Properties LLC
  • Broker: Janet Whitbeck - Cushman & Wakefield
  • Date of Sale: 05/28/2026

The transaction was facilitated by Janet Whitbeck from Cushman & Wakefield, acting as the broker representing both parties in this deal. Virginia Builders Holding, LLC acquired the land from CFG Properties LLC, marking a strategic investment in the Chesapeake market.

Players

Janet Whitbeck

Cushman & Wakefield

Broker

$19.4M

vol

5 deals

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93