SOLDOffice
AG Henneman LLC Acquires Office Building At 5445 Henneman Drive In Norfolk For $1.285M
5445 Henneman Drive
$1,285,000
$128/SF
Building Size
9,991 SF
Asset Type
Office
Closing
Jul 31, 2026
AI
A 9,991-square-foot office building located at 5445 Henneman Drive in Norfolk, VA, was sold for $1,285,000. The property was acquired by AG Henneman LLC from Fraim Family II LLC, serving as an owner-occupant investment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,285,000
- Sale Date: 07/31/2026
- Market: Norfolk, VA
- Price per Square Foot: $129
- Broker Representatives: Nicole Campbell & Grace Altamura - Cushman & Wakefield
The transaction saw AG Henneman LLC partnering with Fraim Family II LLC, with Cushman & Wakefield | Thalhimer facilitating the sale, highlighting the involvement of experienced brokers in this transaction.
Players
Hinchman 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
12.34%
Cash-on-Cash
-3.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93