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

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.