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
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