B&D Acquisitions LLC Acquires Industrial Property In Norfolk, Virginia For $2.6M
SOLD
$2,638,250
Virginia
See Similar DealsIndustrial36,902 SF
Sold 11/03/2021
SOLD
B&D Acquisitions LLC Acquires Industrial Property In Norfolk, Virginia For $2.6M
3750 Progress Road, Norfolk, Virginia, USA
See Similar DealsIndustrial36,902 SF
Sold 11/03/2021
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$71
Total Square Footage:36,902 SF
Transaction Type:Sale
The industrial property located at 3750 Progress Road in Norfolk, Virginia has been sold in a transaction. The property spans over an area of 2.105 acres and is identified as an industrial asset.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,638,250
- Address: 3750 Progress Road, Norfolk, Virginia
- Market: Norfolk, Virginia
- Acres: 2.105
The buyer of the property is B&D Acquisitions LLC, while the seller is Melchor Enterprises. The deal was facilitated by Geoff Poston from Cushman & Wakefield | Thalhimer. The sale price for the property was $2,638,250, with a total square footage of 36,902. This equates to a price per square foot of $71.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$140,706.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,373.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,506.65
Annual Debt Service$150,079.81
Is there something missing? Send suggestions