SF Partners Acquires Office Property In Chesapeake, VA For $18.95M
860-870 Greenbrier Circle, Chesapeake, VA,Virginia
$18,950,000
$110/SF
Building Size
172,273 SF
Asset Type
Office
Closing
Mar 31, 2023
About this deal
AI
The office property located at 860-870 Greenbrier Circle in Chesapeake, VA has been sold for a total of $18,950,000. The transaction took place on March 31, 2023, and the property offers a total square footage of 172,273. The price per square foot for this sale is $110.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,950,000
- Address: 860-870 Greenbrier Circle, Chesapeake, VA
- Square Footage: 172,273
SF Partners, an undisclosed buyer, is the entity that acquired this office property. They were represented by their broker in the deal.
On the Map
$18,950,000
$110/SF
Office
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Players
Chesapeake 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93