BND Holdings Acquires Industrial Property In Suffolk, Virginia For $6.75M
SOLD
$6,750,000
Virginia
See Similar DealsIndustrial108,000 SF
Sold
SOLD
BND Holdings Acquires Industrial Property In Suffolk, Virginia For $6.75M
1005 Obici Industrial Boulevard
See Similar DealsIndustrial108,000 SF
Sold
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$62
Total Square Footage:108,000 SF
Transaction Type:Sale
An industrial property located at 1005 Obici Industrial Boulevard in Suffolk, Virginia has been sold for a price of $6,750,000. The property boasts a total area of 108,000 square feet, resulting in a price per square foot of $63.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,750,000
- Address: 1005 Obici Industrial Boulevard, Suffolk, Virginia
- Market: Suffolk, Virginia
- Buyer: BND Holdings - Martin Segal, Rebecca Weinerman, Rob Logan
- Seller: Transocean
- Square Footage: 108,000
- Price per Square Foot: $63
The buyer, BND Holdings, consisting of Martin Segal, Rebecca Weinerman, and Rob Logan, facilitated the acquisition of the industrial property from the seller, Transocean.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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