Updated Jul 2, 2025
HREP Acquisitions LLC Purchases 6 Acres Of Industrial Land In Chesapeake From Cummins Inc For $1.5M
3945 South Military Highway & 3953 South Military Highway
$1,500,000
Building Size
—
Asset Type
Industrial
Closing
Jun 30, 2025
About this deal
AI
3945 South Military Highway and 3953 South Military Highway is a 6-acre industrial property located in Chesapeake, VA. The asset has recently been sold for $1,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Buyer: HREP Acquisitions, LLC
- Seller: Cummins, Inc
- Broker: Geoffrey Poston - Cushman & Wakefield
Cushman & Wakefield’s Geoffrey Poston and Taylor Anderson were involved in brokering the transaction on behalf of the seller, Cummins, Inc, facilitating the sale of the industrial land to HREP Acquisitions, LLC.
On the Map
$1,500,000
Industrial
View full map
Players
Chesapeake Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Chesapeake industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93