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
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