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615 North Back River Road

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

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

615 North Back River Road

$1,200,000

$300,000/SF

Building Size

4 SF

Asset Type

Industrial

Closing

Sep 3, 2025

AI

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

Broker

$43M

vol

9 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Hampton 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93