Updated Dec 4, 2024
BND Holdings Acquires Industrial Property In Suffolk, Virginia For $6.75M
1005 Obici Industrial Boulevard
$6,750,000
$62/SF
Building Size
108,000 SF
Asset Type
Industrial
Closing
Oct 25, 2023
About this deal
AI
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.
Players
Suffolk Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93