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4840 Brookside Court, Norfo...

Helmsman Properties Sells Industrial Property In Norfolk, VA For $7.3M
SOLDIndustrial

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

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.

Players

Mark Williford

Newmark

Broker

$211.4M

vol

8 deals

Broker

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