International Church Of The Foursquare Gospel Acquires Office Property In Chesapeake For $1.175M

The property asset involved in this transaction is an office space located at 3207 Churchland Boulevard in Chesapeake, Virginia. The International Church of the Foursquare Gospel purchased this asset from KH HR Two Churchland, LLC for a total of $1,175,000. The office building has a total square footage of 7,741, translating to a price per square foot of $152.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,175,000
• Address: 3207 Churchland Boulevard
• Market: Chesapeake, VA
• Square Footage: 7,741
• Price Per Square Foot: $152
• Buyer: The International Church of the Foursquare Gospel
• Seller: KH HR Two Churchland, LLC
• Broker: Josh Fulton - Cushman & Wakefield

This transaction was facilitated by broker Josh Fulton, representing Cushman & Wakefield. The deal reflects the involvement of The International Church of the Foursquare Gospel as the buyer and KH HR Two Churchland, LLC as the seller. The transaction underscores the dynamics of the commercial real estate market in Chesapeake, Virginia.