Moseley Real Estate Advisors Acquires Retail Property In Hampton, Virginia For $2.5M
1123 West Mercury Boulevard, Hampton, Virginia 23666, United States
$2,500,000
$232/SF
Building Size
10,748 SF
Asset Type
Retail
Closing
Dec 1, 2021
About this deal
AI
Located in Hampton, Virginia, this retail property is situated at 1123 West Mercury Blvd. With a size of 2.3 acres, it offers ample space for various commercial activities.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 1123 West Mercury Blvd, Hampton, Virginia
- Market: Hampton, Virginia
- Buyer: Moseley Real Estate Advisors, Inc
- Seller: G.C. of Hampton Partners, LLC
- Broker: Eric Stanley - Cushman & Wakefield | Thalhimer
Facilitating the transaction were the buyer, Moseley Real Estate Advisors, Inc, and the seller, G.C. of Hampton Partners, LLC. Representing the parties involved in this deal was Eric Stanley from Cushman & Wakefield | Thalhimer.
Players
Hampton Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93