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Cushman & Wakefield Facilitates $2.3M Sale Of Chesapeake Office Building On 1.19 Acres By Parkway Executive Center To 325 Volvo Pkwy, LLC, With Retail Redevelopment Plans

Property Image
SOLD
$2,300,000
Christine Kaempfe
WS

Virginia

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Office11,892 SF
Sold 06/20/2023
the dealplayerscompscontact
Property Image
SOLD

Cushman & Wakefield Facilitates $2.3M Sale Of Chesapeake Office Building On 1.19 Acres By Parkway Executive Center To 325 Volvo Pkwy, LLC, With Retail Redevelopment Plans

325 Volvo Parkway Chesapeake, Virginia 23320, USA

See Similar Deals
Office11,892 SF
Sold 06/20/2023
Christine Kaempfe
WS
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Office
Price Per Square Foot:$193
Total Square Footage:11,892 SF
Transaction Type:Sale

An office building located at 325 Volvo Parkway in Chesapeake, Virginia has been sold. The property, encompassing 11,892 square feet and situated on 1.19 acres, was purchased by 325 Volvo Pkwy, LLC from Parkway Executive Center for a total of $2,300,000. The transaction is notable as the buyers have plans for a retail redevelopment of the site.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: $2,300,000
  • Square Footage: 11,892 sq ft
  • Address: 325 Volvo Parkway, Chesapeake, VA
  • Market: Chesapeake, VA

Cushman & Wakefield | Thalhimer facilitated the sale of 325 Volvo Parkway. Representing the seller in the negotiation was Christine M. Kaempfe, while Wick Smith represented the purchaser.

Players

Christine Kaempfe
Cushman & Wakefield
Christine Kaempfe
5 deals$42.6M volume
BROKER
WS
Cushman & Wakefield
Wick Smith
1 deal$2.3M volume
BROKER

Details

SOLD
IMAGE: Christine M. Kaempfe & Wick Smith DATE: 06/20/2023 ADDRESS: 325 Volvo Parkway MARKET: Chesapeake, VA ASSET TYPE: Office ~ ACRES: 1.19 BROKERS: Christine M. Kaempfe & Wick Smith - Cushman & Wakefield SALE PRICE: $2,300,000 SF: 11,892 ~ PPSF: $193 NOTE: Cushman & Wakefield | Thalhimer has facilitated the sale of 325 Volvo Parkway, an office building in Chesapeake, Virginia. The 11,892 square foot property situated on 1.19 acres was purchased by 325 Volvo Pkwy, LLC from Parkway Executive Center for $2,300,000 with plans for a retail redevelopment. Christine M. Kaempfe represented the seller in the sale negotiations, while Wick Smith represented the purchaser.

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