Updated May 4, 2026
HD Pursuits LLC Acquires Industrial Building In North Chesterfield For $3.9M From R.W. Ramsey Realty Corporation
9500 Burge Avenue
$3,900,000
$113/SF
Building Size
34,250 SF
Asset Type
Industrial
Closing
Apr 29, 2026
About this deal
AI
HD Pursuits, LLC acquired an industrial property situated at 9500 Burge Avenue, North Chesterfield, VA, spanning 3 acres. The property encompasses a total square footage of 34,250, and the transaction was valued at $3,900,000, resulting in a price per square foot of $114.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 9500 Burge Avenue
- Market: North Chesterfield, VA
- Acres: 3
- Square Footage: 34,250
- Price per Square Foot: $114
- Buyer: HD Pursuits, LLC
- Seller: R.W. Ramsey Realty Corporation
- Broker: Brian Felton - Cushman & Wakefield
Brian Felton from Cushman & Wakefield represented R.W. Ramsey Realty Corporation during the transaction. The deal highlights the involvement of Cushman & Wakefield's California office in coordinating the sale of the industrial asset.
Players
North Chesterfield 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93