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1840 Mount Pleasant Road
SOLD

Madison Capital Group Acquires 23 Acres In Chesapeake From CFG Properties For $6.5M

1840 Mount Pleasant Road

Land
clock iconSold 37 days ago
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Summary

Sale
VIRGINIA
Land

The sale involved approximately 23 acres of land located at 1840-1852 Mount Pleasant Road in Chesapeake, Virginia. The property was acquired by Madison Capital Group Management LLC from CFG Properties LLC – Three Gee’s Associates Inc for a total sale price of $6,500,000.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $6,500,000
  • Address: 1840-1852 Mount Pleasant Road
  • Market: Chesapeake, VA

Janet Whitbeck from Cushman & Wakefield represented both the buyer, Madison Capital Group Management LLC, and the seller, CFG Properties LLC – Three Gee’s Associates Inc, in the negotiations for the sale of the land. The transaction facilitated the acquisition of the property for the operation of Blue Gate Boat & RV Storage division by Madison Capital Group Management LLC.

Players

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    2

  • Agents

    1

  • Agencies

    1

Janet Whitbeck's profile picture
Janet Whitbeck
Cushman & Wakefield-image
Vice President
$15.2M Sold

Details

Deal Summary
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SOLD
IMAGE: 06/13/2024 ADDRESS: 1840-1852 Mount Pleasant Road MARKET: Chesapeake, VA ASSET TYPE: Land ~ ACRES: 23 BUYER: Madison Capital Group Management LLC SELLER: CFG Properties LLC – Three Gee’s Associates Inc BROKER: Janet Whitbeck - Cushman & Wakefield SALE PRICE: $6,500,000 NOTE: Cushman & Wakefield | Thalhimer facilitated the sale of about 23 acres at 1840 and 1852 Mt. Pleasant Road in Chesapeake, Virginia. Madison Capital Group Management LLC acquired the land from CFG Properties LLC – Three Gee’s Associates Inc. for $6,500,000 to operate their Blue Gate Boat & RV Storage division, with Janet Whitbeck representing both parties in the sale negotiations.

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Address1840 Mount Pleasant Road

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