B&D Holdings Sells Industrial Property In Chesapeake, VA For $13.5M
SOLD
$13,500,000
Virginia
See Similar DealsIndustrial70,000 SF
Sold 08/16/2022
SOLD
B&D Holdings Sells Industrial Property In Chesapeake, VA For $13.5M
3512 Business Center Drive, Chesapeake, Virginia 23323, United States
See Similar DealsIndustrial70,000 SF
Sold 08/16/2022
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$192
Total Square Footage:70,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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