Updated Oct 28, 2024
Seminole Trail Properties Acquires Industrial Property In Suffolk, VA For $33.5M
324 Moore Avenue, Suffolk, Virginia 23434, United States
$33,500,000
$48/SF
Building Size
696,484 SF
Asset Type
Industrial
Closing
Oct 18, 2022
About this deal
AI
The industrial property located at 324-340 Moore Avenue in Suffolk, VA has been sold in a recent transaction. The property spans a total area of 696,484 square feet. The sale price for this transaction amounted to $33,500,000, resulting in a price per square foot of $48.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $33,500,000
- Address: 324-340 Moore Avenue, Suffolk, VA
- Market: Suffolk, VA
The buyer for this transaction was Seminole Trail Properties. The deal was facilitated by the broker team consisting of Eric Robison, Cathy Spangler, David Dorros, Sean Hayes, and Christopher McGlone from Cushman & Wakefield.
On the Map
$33,500,000
$48/SF
Industrial
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Suffolk 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
0.47%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93