Updated Dec 4, 2024
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
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93