Cushman & Wakefield Brokers $8.2M Sale Of Retail Property On Jefferson Avenue
12638 Jefferson Ave, Newport News, VA 23603, USA
$8,200,000
$152/SF
Building Size
53,775 SF
Asset Type
Retail
Closing
Jun 15, 2023
About this deal
AI
12638 Jefferson Avenue, a retail property located in Newport News, VA, was recently sold for $8,200,000. The property spans 53,775 square feet, resulting in a price per square foot of $152.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 12638 Jefferson Avenue
- Market: Newport News, VA
The sale of 12638 Jefferson Avenue was facilitated by Catharine Spangler from Cushman & Wakefield. As the representative for the buyer or seller, Catharine Spangler played a key role in the transaction.
Newport News Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Catharine Spangler to view all their deals.
Browse Virginia retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93