Cushman & Wakefield Brokers Facilitate $24M Sale Of Retail Property In Chesapeake, VA
1434 Crossways Boulevard, Chesapeake, Virginia 23320, United States
$24,000,000
$112/SF
Building Size
213,955 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
The retail property located at 1434 Crossways Blvd in Chesapeake, VA has been sold in a transaction worth $24,000,000. The property spans a total area of 213,955 square feet, resulting in a price per square foot of $112.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $24,000,000
- Address: 1434 Crossways Blvd, Chesapeake, VA
- Market: Chesapeake, VA
- BROKERS: Eric Robison, Bo McKown, Christine Kaempfe & Kenneth Penrose Jr - Cushman & Wakefield
The sale of this retail property at 1434 Crossways Blvd was facilitated by brokers from Cushman & Wakefield, namely Eric Robison, Bo McKown, Christine Kaempfe, and Kenneth Penrose Jr.
Players
Chesapeake Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93