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.
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