Updated Oct 28, 2024
Helmsman Properties Sells Industrial Property In Norfolk, VA For $7.3M
4840 Brookside Court, Norfolk, Virginia 23502, United States
$7,300,000
$119/SF
Building Size
60,900 SF
Asset Type
Industrial
Closing
Oct 13, 2022
About this deal
AI
The industrial property located at 4840 Brookside Court in Norfolk, VA has been sold in a closed transaction. The property spans over 60,900 square feet and was sold for a total price of $7,300,000, resulting in a price per square foot of $120. The seller of the property was Helmsman Properties.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $7,300,000
- Square Footage: 60,900
- Price Per Square Foot: $120
- Address: 4840 Brookside Court, Norfolk, VA
- Market: Norfolk, VA
The sale was facilitated by the brokerage team consisting of Mark Williford, Will Bradley, and Scott Adams from Colliers. They represented the seller, Helmsman Properties, in the transaction.
On the Map
$7,300,000
$119/SF
Industrial
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Players
Norfolk 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93