Ben Arden Investments LLC Acquires Industrial Property In Virginia Beach, VA For $1.6M
SOLD
$1,625,000
Virginia
See Similar DealsIndustrial10,000 SF
Sold 12/16/2021
SOLD
Ben Arden Investments LLC Acquires Industrial Property In Virginia Beach, VA For $1.6M
944 Seahawk Circle, Virginia Beach, Virginia 23452, United States
See Similar DealsIndustrial10,000 SF
Sold 12/16/2021
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$162
Total Square Footage:10,000 SF
Transaction Type:Sale
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
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
Is there something missing? Send suggestions