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1729 West Pembroke Avenue

2700 International Parkway Corporation Acquires 7.25 Acres In Hampton For $3.25M
SOLDLand

2700 International Parkway Corporation Acquires 7.25 Acres In Hampton For $3.25M

1729 West Pembroke Avenue

$3,250,000

Building Size

Asset Type

Land

Closing

Aug 14, 2026

AI

7.25 acres located at 1729 West Pembroke Avenue in Hampton, VA, were sold for $3.25 million. The property is intended for future development.

Summary of transation details:

  • Property Type: Land
  • Transaction Amount: $3,250,000
  • Address: 1729 West Pembroke Avenue
  • Market: Hampton, VA
  • Acres: 7.25
  • Buyer: 2700 International Parkway Corporation
  • Seller: Bowen Eddie L. Family Trust & Bowen Mona B Revocable Living Trust
  • Broker Representatives: Clay Culbreth & Ellis Colthorpe - Cushman & Wakefield

Cushman & Wakefield's Clay Culbreth and Ellis Colthorpe acted as the representatives for the seller, which includes both Bowen Eddie L. Family Trust and Bowen Mona B Revocable Living Trust in this transaction.

Players

Ellis Colthorpe

Cushman & Wakefield

Broker

$13.9M

vol

6 deals

Broker

Hampton Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93