Updated Oct 13, 2025
Morgan Stanley Acquires Harbor Commerce Center From W.M. Jordan Company For $35.7M In Hampton VA
350 Salters Creek Road & 360 Salters Creek Road
$35,700,000
$772/SF
Building Size
23,100 SF
Asset Type
Industrial
Closing
Oct 8, 2025
About this deal
AI
An industrial complex located at 350 Salters Creek Road & 360 Salters Creek Road in Hampton, VA, was sold in a transaction that totaled $35,700,000. The property spans 231,000 square feet and features a price per square foot of $1,545. This complex is fully leased to Huntington Ingalls Industries, which serves as the nation's largest military shipbuilder.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,700,000
- Square Footage: 231,000
- Address: 350 Salters Creek Road & 360 Salters Creek Road
- Market: Hampton, VA
- Buyer: Morgan Stanley
- Seller: W.M. Jordan Company
- Broker: Will Bradley & Mark Williford - Newmark
- Price per Square Foot: $1,545
The buyer, Morgan Stanley, engaged in this transaction to acquire the Harbor Commerce Center, a strategic asset in the industrial market. The seller, W.M. Jordan Company, successfully completed the sale through the brokerage representation of Will Bradley and Mark Williford from Newmark.
On the Map
$35,700,000
$772/SF
Industrial
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Players
Hampton 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93