Updated Oct 15, 2026
11838 Canon Blvd Newport News Virginia 23606 LLC Acquires Industrial Flex Building For $1.6M
11838 Canon Boulevard
$1,600,000
$101/SF
Building Size
15,843 SF
Asset Type
Industrial
Closing
Oct 14, 2026
About this deal
AI
The transaction involved a 15,843-square-foot industrial flex building located at 11838 Canon Boulevard, Newport News, Virginia. The property, situated in the Newport News market, was sold for $1,600,000, equating to a price per square foot of $101.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 11838 Canon Boulevard
- Market: Newport News, VA
- Buyer: 11838 Canon Blvd Newport News Virginia 23606 LLC
- Seller: Bunker Blvd Land Trust
- Brokers: Ellis Colthorpe & Kenneth Penrose Jr - Cushman & Wakefield
- Square Footage: 15,843
- Price per Square Foot: $101
The buyer, 11838 Canon Blvd Newport News Virginia 23606 LLC, acquired the fully leased property from seller Bunker Blvd Land Trust, supported by the brokerage efforts of Ellis Colthorpe and Kenneth Penrose Jr from Cushman & Wakefield.
On the Map
$1,600,000
$101/SF
Industrial
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Newport News 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93