Updated Oct 28, 2024
Chesapeake Dexter St West LLC Acquires 151,669 SF Industrial Property In Chesapeake For $10.3M
101 Dexter Street West, Chesapeake, Virginia 23324, United States
$10,300,000
$67/SF
Building Size
151,669 SF
Asset Type
Industrial
Closing
Jul 5, 2022
About this deal
AI
Chesapeake, VA has witnessed a recent closed property transaction involving an industrial asset located at 101 Dexter St W. The property encompasses a total area of 14 acres, making it a significant piece of real estate in the area.
Summary of Transaction Details
- Property Type: Industrial
- Sale Price: $10,300,000
- Square Footage: 151,669
- Price per Square Foot: $68
- Date: 07/06/2022
- Market: Chesapeake, VA
The buyer of this industrial property is Chesapeake Dexter St West LLC, while the seller is Norfolk Naval Shipping Yard, operated by On Trading Corp. Facilitating the transaction was Sam Rapoport from S.L. Nusbaum Realty Co, serving as the broker.
With the property being sold for a significant amount of $10,300,000, it signifies a notable transaction in the Chesapeake market. The property spans a sizable 151,669 square feet, contributing to its value per square foot of $68. This closed deal showcases the active real estate market in Chesapeake, VA.
Players
Chesapeake 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93