Rockpoint Group Acquires Eastport Industrial Park In Richmond For $142 Million From Equus Capital Partners
5601 Eastport Boulevard & 5699 Eastport Boulevard
$142,000,000
$66/SF
Building Size
2,137,990 SF
Asset Type
Industrial
Closing
Nov 5, 2025
AI
The industrial property located at 5601-5699 Eastport Boulevard in Richmond, VA, encompasses 86 acres and has a sale price of $142,000,000. This property, consisting of eight buildings and a total square footage of 1,068,995, is part of the Eastport Industrial Park, which is currently 97% leased.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $142,000,000
- Sale Date: 11/05/2025
- Market: Richmond, VA
- Square Feet: 1,068,995
- Price Per Square Foot: $133
- Buyer: Rockpoint Group
- Seller: Equus Capital Partners
- Brokers: Jonathan Carpenter, Graham Savage, Dawes Milchling, James Check, Eric Robison & Bo McKown - Cushman & Wakefield
- Mortgage Brokers: John Alascio, Michael Zelin, TJ Sullivan & Chris Meloni - Cushman & Wakefield
Cushman & Wakefield facilitated the sale and arranged financing for the acquisition. The property will be managed by Rockhill Management and Rockpoint Industrial post-acquisition.
Players
Henrico 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93