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
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