Cushman & Wakefield Sells Chesapeake Industrial Asset For $2.2M

The industrial property located at 3419 Business Center Drive in Chesapeake, VA spans across 1.92 acres. It was sold for $2,200,000 at a rate of $117 per square foot. The transaction was facilitated by Cushman & Wakefield | Thalhimer with CBC Prop as the seller and a private investment group as the buyer.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,200,000
• Address: 3419 Business Center Drive, Chesapeake, VA
• Market: Chesapeake, VA
• Square Footage: 18,865
• Seller: CBC Prop
• Buyer: Private investment group

The sale of 3419 Business Center Drive in Chesapeake, Virginia, also involved brokers Geoffrey Poston and Tony Weiss from Cushman & Wakefield. The property was successfully acquired by the private investment group for $2,288,000.