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
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
Loading comparables…
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