Updated Jun 22, 2026
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
About this deal
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.
On the Map
Industrial
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Players
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