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
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