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Southeast Pain & Spine Care Specialists LLC Acquires Office Building In Norfolk For $1.9M
SOLD
$1,900,000
Virginia
See Similar DealsOffice12,532 SF
Sold 02/23/2026
SOLD
Southeast Pain & Spine Care Specialists LLC Acquires Office Building In Norfolk For $1.9M
6387 Center Drive
See Similar DealsOffice12,532 SF
Sold 02/23/2026
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$151
Total Square Footage:12,532 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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