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Virginia

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Mixed Use

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840 Juniper Crescent

Updated Dec 4, 2024

Lev Orlov's Riverside Realty Capital Acquires Mixed-Use Building In Chesapeake For $2.16M
SOLDMixed-use

Lev Orlov's Riverside Realty Capital Acquires Mixed-Use Building In Chesapeake For $2.16M

840 Juniper Crescent

$2,160,018

$124/SF

Building Size

17,300 SF

Asset Type

Mixed-use

Closing

Sep 25, 2023

About this deal

AI

Riverside Realty Capital, LLC has acquired a mixed-use property located at 840 Juniper Crescent in Chesapeake, Virginia. The property consists of a 17,300 square foot industrial/flex building with 15 small office/warehouse units. The transaction was completed for a sale price of $2,160,018, resulting in a price per square foot of $125.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,160,018
  • Address: 840 Juniper Crescent, Chesapeake, VA
  • Market: Chesapeake, VA

Lev Orlov, representing Riverside Realty Capital, LLC, served as the buyer in this transaction. The seller of the property was Murray Farms, LLC. Tom Dana, from Cushman & Wakefield, acted as the broker in the deal.

This acquisition by Riverside Realty Capital, LLC represents an investment opportunity in the Chesapeake, Virginia area. The property's mixed-use configuration provides potential for diverse revenue streams and future growth.

Players

Thomas Dana

Cushman & Wakefield

Broker

$6.6M

vol

2 deals

Broker

Chesapeake Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $124 per square foot on a published $2.2M for 17,300 square feet (2023).

Visit Thomas (Tom) Dana to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.34%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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