Wilson Pipe & Fabrication Acquires Industrial Asset In Norfolk From Julian Terrace LLC For $2.6M
2701 Saint Julian Avenue
$2,600,000
$65/SF
Building Size
39,914 SF
Asset Type
Industrial
Closing
Aug 12, 2026
AI
Wilson Pipe & Fabrication acquired an industrial building located at 2701 Saint Julian Avenue in Norfolk, Virginia. The asset spans 39,914 square feet and was purchased for $2.6 million, translating to a price per square foot of $65.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,600,000
- Address: 2701 Saint Julian Avenue
- Market: Norfolk, VA
- Buyer: Wilson Pipe & Fabrication
- Seller: Julian Terrace LLC
- Brokers: Taylor Anderson & Brett Sain - Cushman & Wakefield
Taylor Anderson and Brett Sain from Cushman & Wakefield represented the parties in this transaction, facilitating the deal between Wilson Pipe & Fabrication and Julian Terrace LLC.
Players
Norfolk 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93