Updated Oct 28, 2024
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
About this deal
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.
On the Map
$13,500,000
$192/SF
Industrial
View full map
Players
Chesapeake Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Chamie Burroughs to view all their deals.
Browse Virginia industrial sales on Traded.
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