Indian Creek Holdings, LLC Acquires Office Building In Newport News For $1.48M With Teresa Nettles Of Cushman & Wakefield As Buyer's Rep
11821 Rock Landing Drive
$1,480,000
$117/SF
Building Size
12,622 SF
Asset Type
Office
Closing
Apr 27, 2026
AI
A 12,622-square-foot office building located at 11821 Rock Landing Drive was sold in Newport News, Virginia, for a total of $1,480,000. This property transaction highlights a significant sale in the market, emphasizing its commercial potential and investment value.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,480,000
- Buyer: Indian Creek Holdings, LLC
- Seller: Comb Bay, LLC
- Broker: Teresa Nettles - Cushman & Wakefield
- Square Footage: 12,622
- Price Per Square Foot: $117
- Market: Newport News, VA
Indian Creek Holdings, LLC acquired the office building from Comb Bay, LLC, with the transaction facilitated by broker Teresa Nettles from Cushman & Wakefield, indicating a structured negotiation process in the commercial real estate sector.
Newport News Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93