B&D Holdings Sells Industrial Property In Chesapeake, VA For $13.5M
3512 Business Center Drive, Chesapeake, Virginia 23323, United States
$13,500,000
$192/SF
Building Size
70,000 SF
Asset Type
Industrial
Closing
Aug 15, 2022
AI
The industrial property located at 3512 Business Center Drive in Chesapeake, VA has been sold in a recent transaction. The property spans approximately 70,000 square feet and was sold by B&D Holdings. The sale price for this transaction was $13,500,000, resulting in a price per square foot of $193.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,500,000
- Address: 3512 Business Center Drive, Chesapeake, VA
- Market: Chesapeake, VA
The transaction was facilitated by Colliers, with Michael Blunt, Clay Ellis, and Chamie Burroughs representing the seller, B&D Holdings, in the deal.
Players
Chesapeake Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93