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
Chesapeake Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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