Advisory Investments LLC Acquires 4.7 Acre Office Property In Chesapeake, VA For $3.1M
2211 South Military Highway Chesapeake, VA 23320, USA
$3,100,000
$63/SF
Building Size
48,800 SF
Asset Type
Office
Closing
May 16, 2023
AI
An office property located at 2211 South Military Highway in Chesapeake, VA has been sold in a recent transaction. The property sits on 4.7 acres of land and spans a total of 48,800 square feet. The sale was finalized on May 16, 2023.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,100,000
- Price per Square Foot: $64
Advisory Investments LLC has acquired the property. The buyer's representative in this deal was Janet Whitbeck from Cushman & Wakefield.
Chesapeake 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93