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905 G Street

EBC Corporation Acquires Industrial Building In Hampton, VA From Ralph English For $2.2M
SOLDIndustrial

EBC Corporation Acquires Industrial Building In Hampton, VA From Ralph English For $2.2M

905 G Street

$2,200,000

$26/SF

Building Size

83,064 SF

Asset Type

Industrial

Closing

Feb 6, 2024

AI

The industrial/warehouse building at 905 G Street in Hampton, Virginia was sold for $2.2 million. The property spans 83,064 square feet on 8.93 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,200,000
  • Address: 905 G Street
  • Market: Hampton, VA
  • Size: 83,064 SF
  • Price per Square Foot: $26

Clay Culbreth from Cushman & Wakefield represented EBC Corporation in the transaction, acquiring the property from seller Ralph English. EBC Corporation purchased the property at 905 G Street as an investment.

Players

Clay Culbreth

Cushman & Wakefield

Broker

$43M

vol

9 deals

Broker

Hampton 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93