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White Plaza LLC Purchases Industrial Properties In Newport News From Barber Property Management For $3.47M

Property Image
SOLD
$3,472,200
Clay Culbreth
Ellis Colthorpe
Taylor Anderson

Virginia

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Industrial94,017 SF
Sold 06/24/2025
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Property Image
SOLD

White Plaza LLC Purchases Industrial Properties In Newport News From Barber Property Management For $3.47M

725 Industrial Park Drive, 737 Industrial Park Drive & 12685 Mcmanus Boulevard

See Similar Deals
Industrial94,017 SF
Sold 06/24/2025
Clay Culbreth
Ellis Colthorpe
Taylor Anderson
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$36
Total Square Footage:94,017 SF
Transaction Type:Sale

A 31,339 square foot industrial property has been sold in Newport News, Virginia. The transaction involved a sale price of $3,472,200, addressing multiple addresses including 725 Industrial Park Drive, 737 Industrial Park Drive, and 12685 Mcmanus Boulevard. The price per square foot came to approximately $111.

Summary of transaction details:

In this deal, White Plaza LLC acquired the industrial building, with Clay Culbreth acting as the representative for the seller, Barber Property Management, LLC. Taylor Anderson and Ellis Colthorpe provided advisory services to the buyer throughout the transaction.

Players

Ellis Colthorpe
Cushman & Wakefield
Ellis Colthorpe
5 deals$10.6M volume
BROKER
Clay Culbreth
Cushman & Wakefield
Clay Culbreth
9 deals$43M volume
BROKER
Taylor Anderson
Cushman & Wakefield
Taylor Anderson
2 deals$6M volume(757) 448-5882
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 06/24/2025 ADDRESS: 725 Industrial Park Drive, 737 Industrial Park Drive & 12685 Mcmanus Boulevard MARKET: Newport News, VA ASSET TYPE: Industrial BUYER: White Plaza LLC SELLER: Barber Property Management, LLC BROKERS: Clay Culbreth, Ellis Colthorpe & Taylor Anderson - Cushman & Wakefield SALE PRICE: $3,472,200 SF: 31,339 ~ PPSF: $111 NOTE: White Plaza LLC bought a 31,339 sq ft industrial building in Newport News for $3.47M, with Cushman & Wakefield | Thalhimer brokering the deal. Clay Culbreth represented the seller, while Taylor Anderson and Ellis Colthorpe advised the buyer.

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

$185,184.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,335.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,460.00
Annual Debt Service$197,519.99