BND Holdings Acquires Industrial Property In Virginia Beach For $5.9M
SOLD
$5,905,000
Virginia
See Similar DealsIndustrial66,000 SF
Sold
SOLD
BND Holdings Acquires Industrial Property In Virginia Beach For $5.9M
1357 Taylor Farm Road
See Similar DealsIndustrial66,000 SF
Sold
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$89
Total Square Footage:66,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,979.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,992.71
Annual Debt Service$335,912.55
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