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

Property Image
SOLD
$6,000,000
Christine Kaempfe
Geoffrey "Geoff" Poston
Brett Sain

Virginia

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Industrial64,060 SF
Sold 12/31/2025
the dealplayerscompscontact
Property Image
SOLD

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

809 Principal Court

See Similar Deals
Industrial64,060 SF
Sold 12/31/2025
Christine Kaempfe
Geoffrey "Geoff" Poston
Brett Sain
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:64,060 SF
Transaction Type:Sale

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.

Players

Geoffrey "Geoff" Poston
Cushman & Wakefield
Geoffrey Poston
11 deals$95M volume
BROKER
Christine Kaempfe
Cushman & Wakefield
Christine Kaempfe
5 deals$42.6M volume
BROKER
Brett Sain
Cushman & Wakefield
Brett Sain
6 deals$66.2M volume
BROKER
Schenley Investments
Schenley Investments
BUYER

Details

SOLD
IMAGE: 12/31/2025 ADDRESS: 809 Principal Court MARKET: Chesapeake, VA ASSET TYPE: Industrial ~ ACRES: 4.24 BUYER: Schenley Investments SELLER: Nitto, Inc. BROKERS: Christine Kaempfe, Geoffrey "Geoff" Poston & Brett Sain - Cushman & Wakefield SALE PRICE: $6,000,000 SF: 64,060 ~ PPSF: $94 NOTE: Cushman & Wakefield | Thalhimer sold a 64,060 sq ft industrial building at 809 Principal Court in Chesapeake for $6 million to Schenley Investments, LLC. The firm also retained Thalhimer for exclusive leasing services.

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

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73