Updated Sep 18, 2026
Jadian Capital Acquires Industrial Property At 929 Professional Place In Chesapeake For $3.29M
929 Professional Place
$3,287,500
$155/SF
Building Size
21,200 SF
Asset Type
Industrial
Closing
Sep 17, 2026
About this deal
AI
Jadian Capital purchased a 21,200-square-foot industrial property located at 929 Professional Place in Chesapeake, VA for a transaction amount of $3,287,500. The price per square foot for this asset was $155, reflecting its market value in the industrial sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,287,500
- Sale Date: 09/17/2026
- Address: 929 Professional Place, Chesapeake, VA
- Square Footage: 21,200
- Price Per Square Foot: $155
- Buyer: Jadian Capital
- Seller: TURF & GARDEN, Inc
- Brokers: Clay Culbreth & Geoffrey Poston - Cushman & Wakefield
This transaction involved key representatives from Cushman & Wakefield, with Clay Culbreth and Geoffrey Poston acting as brokers for the deal. The acquisition emphasizes Jadian Capital's focus on investment in the industrial real estate sector.
On the Map
$3,287,500
$155/SF
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
4.83%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93