Updated Oct 28, 2024
Ben Arden Investments LLC Acquires Industrial Property In Virginia Beach, VA For $1.6M
944 Seahawk Circle, Virginia Beach, Virginia 23452, United States
$1,625,000
$162/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
An industrial property located at 944 Seahawk Cir in Virginia Beach, VA was recently sold for a price of $1,625,000. The property spans across 10,000 square feet, resulting in a price per square foot of $163. The transaction took place on December 16, 2021. The property was sold by JFS Real Estate LLC to Ben Arden Investments LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,625,000
- Square Footage: 10,000
- Price Per Square Foot: $163
Janet Whitbeck & John P. Duffy, Jr. from Cushman & Wakefield | Thalhimer represented both the buyer, Ben Arden Investments LLC, and the seller, JFS Real Estate LLC, in this transaction.
Players
Virginia Beach 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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93