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900 Business Park Drive

Alluvion Partners Acquires Industrial Property At 900 Business Park Drive Chesapeake For An Unspecified Amount
SOLDIndustrial

Alluvion Partners Acquires Industrial Property At 900 Business Park Drive Chesapeake For An Unspecified Amount

900 Business Park Drive

Building Size

14,400 SF

Asset Type

Industrial

Closing

Jun 10, 2026

AI

The property asset involved in this transaction is an industrial space located at 900 Business Park Drive, Chesapeake, VA, comprising 14,400 square feet. The transaction was executed off-market, detailing a unique aspect of its sale without public listings. The specific market for this property is Chesapeake, VA.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Buyer: Alluvion Partners
  • Seller: The Hill Family
  • Brokers: Abe Smouha & Marc D. Smouha - Corepoint RE

Abe Smouha and Marc D. Smouha, representing Corepoint RE, facilitated the transaction for both the buyer and the seller, showcasing their active role in commercial real estate dealings nationwide. Corepoint RE expressed enthusiasm for the successful closing of this off-market transaction.

Players

Marc D. Smouha

Corepoint RE

Broker

$260.5M

vol

36 deals

Broker

Chesapeake 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93