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324 Moore Avenue, Suffolk, ...

Seminole Trail Properties Acquires Industrial Property In Suffolk, VA For $33.5M
SOLDIndustrial

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

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.

Players

Eric Robison

Cushman & Wakefield

Broker

$411.2M

vol

9 deals

Broker
SP
Seminole Trail PropertiesBuyer

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