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3804 Cook Boulevard, Chesap...

MDH Partners Acquires Cook Blvd Industrial Property In Chesapeake, VA For $13.8M
SOLDIndustrial

MDH Partners Acquires Cook Blvd Industrial Property In Chesapeake, VA For $13.8M

3804 Cook Boulevard, Chesapeake, Virginia 23323, United States

$13,800,000

$75,824/SF

Building Size

182 SF

Asset Type

Industrial

Closing

Apr 11, 2022

AI

MDH Partners has completed the sale of an industrial property located at 3804 & 3808 Cook Blvd in Chesapeake, VA. This property spans approximately ACRES acres and consists of a total of 182,000 square feet. The transaction took place on November 4, 2022, with the property being sold for a price of $13,800,000 at a price per square foot of $76.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,800,000
  • Square Footage: 182,000
  • Price per Square Foot: $76
  • Address: 3804 & 3808 Cook Blvd, Chesapeake, VA
  • Market: Chesapeake, VA
  • Buyer: MDH Partners - Joe DeHaven & Makenna Barbara
  • Brokers: Chamie Burroughs & Ricky Anderson - Colliers

The transaction was facilitated by Chamie Burroughs and Ricky Anderson from Colliers, representing the buyer, MDH Partners. Joe DeHaven and Makenna Barbara from MDH Partners were the buyer's representatives in the deal. With this sale, MDH Partners has successfully acquired the industrial property, further expanding their portfolio.

Players

Ricky Anderson

Colliers

Broker

$21.1M

vol

2 deals

Broker
MDH Partners
MDH PartnersBrokerage
MDH Partners
MDH PartnersBuyer

Chesapeake 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

1.15%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93