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City Of Hampton Acquires 4.1 Acres Industrial Property In Hampton VA For $1.2M From International Trading Corporation

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SOLD
$1,200,000

Virginia

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Industrial4 SF
Sold 09/03/2025
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SOLD

City Of Hampton Acquires 4.1 Acres Industrial Property In Hampton VA For $1.2M From International Trading Corporation

615 North Back River Road

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Industrial4 SF
Sold 09/03/2025
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$300,000
Total Square Footage:4 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial site located at 615 North Back River Road in Hampton, VA. The property spans 4.1 acres and was sold for $1,200,000. The price per square foot for the property amounts to $292,683.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,200,000
  • Address: 615 North Back River Road
  • Market: Hampton, VA
  • Acres: 4.1
  • Buyer: City of Hampton
  • Seller: International Trading Corporation
  • Broker: Clay Culbreth - Cushman & Wakefield

The City of Hampton acquired the property from International Trading Corporation of Virginia for the aforementioned price. Clay Culbreth from Cushman & Wakefield represented the seller in this transaction.

Players

Clay Culbreth
Cushman & Wakefield
Clay Culbreth
9 deals$43M volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 09/03/2025 ADDRESS: 615 North Back River Road MARKET: Hampton, VA ASSET TYPE: Industrial ~ ACRES: 4.1 BUYER: City of Hampton SELLER: International Trading Corporation BROKER: Clay Culbreth - Cushman & Wakefield SALE PRICE: $1,200,000 SF: 4.1 ~ PPSF: $292,683 NOTE: The City of Hampton bought 4.1 acres at 615 N. Back River Road for $1.2 million from International Trading Corporation of Virginia. Cushman & Wakefield | Thalhimer’s Clay Culbreth represented the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35