BND Holdings Acquires Industrial Property In Virginia Beach For $5.9M
1357 Taylor Farm Road
$5,905,000
$89/SF
Building Size
66,000 SF
Asset Type
Industrial
Closing
Jan 25, 2024
AI
The industrial property located at 1357 Taylor Farm Road in Virginia Beach, VA has been sold for a price of $5,905,000. It spans an area of 66,000 square feet, resulting in a price per square foot of $89.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,905,000
- Buyer: BND Holdings - Martin Segal, Rebecca Weinerman & Rob Logan
- Seller: Patrick Cunningham
- Address: 1357 Taylor Farm Road, Virginia Beach, VA
- Market: Virginia Beach, VA
The transaction was facilitated by Martin Segal, Rebecca Weinerman, and Rob Logan from BND Holdings on behalf of the buyer. Patrick Cunningham represented the seller in the deal.
Players
Virginia Beach 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93