YSJ, LLC Acquires Office In Newport News For $3.25M
12695 McManus Blvd, Newport News, VA, USA
$3,250,000
$128/SF
Building Size
25,356 SF
Asset Type
Office
Closing
Nov 29, 2021
About this deal
AI
The office property located at 12695 McManus Blvd in Newport News, VA has been sold in a recent transaction. The property sits on a spacious 3.53-acre lot and offers a total area of 25,356 square feet. The sale price for this transaction was $3,250,000, resulting in a price per square foot of $128.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,250,000
- Address: 12695 McManus Blvd, Newport News, VA
- Market: Newport News, VA
- Acres: 3.53
The seller of the property was LC Offices, LLC, while the buyer was YSJ, LLC. The deal was facilitated by Jeff Parker and Brian Davidson from Colliers, who represented both parties in the transaction.
Players
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93