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
About this deal
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.
The office sale at 2211 South Military Highway Chesapeake, VA 23320, USA in Chesapeake, Virginia sold for $3.1M in 2023. The building is 48,800 square feet, implying about 63 per square foot on the published price. Janet Whitbeck, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Chesapeake, Virginia file for the 2211 South Military Highway Chesapeake, VA 23320, USA office sold: pricing, party profiles, and other closed office comps from the same Chesapeake sit in the Market section below. Filter that Chesapeake office set by closing date to see what else sold near 2211 South Military Highway Chesapeake, VA 23320, USA around 2023. Published consideration for 2211 South Military Highway Chesapeake, VA 23320, USA is $3.1M, dated 2023. Cite this Advisory Investments LLC Acquires 4.7 Acre Office Property In Chesapeake, VA For $3.1M sale when underwriting similar office product around Chesapeake, Virginia.
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