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Lingerfelt & Richardson Properties Sells Industrial Facility In Chester For $31.25M
SOLD
$31,250,000
Virginia
See Similar DealsIndustrial187,890 SF
Sold 09/09/2025
SOLD
Lingerfelt & Richardson Properties Sells Industrial Facility In Chester For $31.25M
1701 Old Bermuda Hundred Road
See Similar DealsIndustrial187,890 SF
Sold 09/09/2025
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$166
Total Square Footage:187,890 SF
Transaction Type:Sale
The industrial facility located at 1701 Bermuda Hundred Road in Chester, VA, spans 187,890 square feet and was sold for $31.25 million, which equates to a price per square foot of $166. The property is situated in Chesterfield County’s Meadowville Technology Park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,250,000
- Square Footage: 187,890
- Address: 1701 Bermuda Hundred Road
- Market: Chester, VA
- Seller: Lingerfelt & Richardson Properties
- Brokers: Will Bradley & Mark Williford - Newmark
The transaction involved Lingerfelt & Richardson Properties as the seller of the asset. The property was sold to an undisclosed buyer with Will Bradley and Mark Williford representing the seller in the transaction.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$111,024.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$148,140.94
Annual Debt Service$1,777,691.32
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