American Industrial, LLC Acquires 256.8K SF Industrial Property On 11.6 Acres In Suffolk For $7.5M
115 Dill Road
$7,500,000
$29/SF
Building Size
256,800 SF
Asset Type
Industrial
Closing
Jan 9, 2024
AI
A 256,800 square-foot industrial/warehouse building on 11.60 acres located at 115 Dill Road in Suffolk, Virginia has been sold for $7.5 million. The property, facilitated by Cushman & Wakefield | Thalhimer, offers ample space for industrial activities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Square Footage: 256,800
- Acres: 11.6
- Address: 115 Dill Road, Suffolk, VA
- Market: Suffolk, VA
The sale was finalized with American Industrial, LLC acquiring the property. The transaction was handled by William C. Throne from Cushman & Wakefield, who represented American Industrial, LLC in the deal.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93