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401 Woodlake Drive

Updated Dec 4, 2024

BND Holdings Acquires Industrial Property At 401 Woodlake Drive In Chesapeake For $14.86M
SOLDIndustrial

BND Holdings Acquires Industrial Property At 401 Woodlake Drive In Chesapeake For $14.86M

401 Woodlake Drive

$14,855,000

$104/SF

Building Size

142,000 SF

Asset Type

Industrial

Closing

Aug 22, 2024

About this deal

AI

The asset is an industrial property located at 401 Woodlake Drive in the Chesapeake market. The transaction was completed for a sale price of $14,855,000, encompassing a total square footage of 142,000, which equates to a price per square foot of $104.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,855,000
  • Address: 401 Woodlake Drive
  • Market: Chesapeake
  • Square Footage: 142,000
  • Price Per Square Foot: $104
  • Buyer: Martin Segal, Rob Logan, Danny Harrison & Rebecca Weinerman - BND Holdings
  • Seller: Drew Rosen
  • Brokers: Matt Anderson, Hamilton Shaheen & Marc Allocca - Range Commercial Partners

The transaction involved multiple key players including the buyers representing BND Holdings, and the seller Drew Rosen. The brokerage team from Range Commercial Partners, which includes Matt Anderson, Hamilton Shaheen, and Marc Allocca, facilitated this transaction.

Players

Matt Anderson

Range Commercial Partners

Broker

$26.5M

vol

2 deals

Broker

Chesapeake Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $104 per square foot on a published $14.9M for 142,000 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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