Schenley Investments Acquires Industrial Property At 809 Principal Court Chesapeake For $6 Million

A 64,060 square foot industrial property located at 809 Principal Court in Chesapeake, VA, was sold for $6 million. The asset spans 4.24 acres and is positioned in a commercial market geared towards industrial transactions.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Sale Date: 12/31/2025
• Buyer: Schenley Investments
• Seller: Nitto, Inc.
• Brokers: Christine Kaempfe, Geoffrey "Geoff" Poston & Brett Sain - Cushman & Wakefield
• Price per Square Foot: $94

Cushman & Wakefield | Thalhimer facilitated the sale and will provide exclusive leasing services for the property post-transaction. The involvement of multiple brokers denotes a structured approach towards the sale and leasing process in the industrial sector.