Southeast Pain & Spine Care Specialists LLC Acquires Office Building In Norfolk For $1.9M
6387 Center Drive
$1,900,000
$151/SF
Building Size
12,532 SF
Asset Type
Office
Closing
Feb 23, 2026
AI
The property involved in the transaction is an office building located at 6387 Center Drive in Norfolk, VA. It was sold for $1,900,000, covering a total area of 12,532 square feet, which amounts to a price per square foot of $152.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,900,000
- Buyer: Southeast Pain & Spine Care Specialists LLC
- Seller: Interstate Corporate Center
- Broker: Rob Wright - Cushman & Wakefield
Southeast Pain & Spine Care Specialists LLC plans to redevelop the acquired office building into a pain care medical facility. The broker representing the transaction was Rob Wright from Cushman & Wakefield.
Players
Norfolk 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93