HWG VA – Beach LLC Acquires Retail Property From 1808 Salem LLC For $2.8M In Virginia Beach
1808 Salem Road
$2,800,000
$194/SF
Building Size
14,364 SF
Asset Type
Retail
Closing
Dec 17, 2025
AI
The retail property located at 1808 Salem Road in Virginia Beach, VA, spans 2.95 acres and comprises a total area of 14,364 square feet. The asset was sold for a transaction amount of $2,800,000, which translates to a price per square foot of $195.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 1808 Salem Road
- Market: Virginia Beach, VA
- Acres: 2.95
- Square Footage: 14,364
- Price Per Square Foot: $195
- Buyer: HWG VA – Beach LLC
- Seller: 1808 Salem LLC
- Broker: Rob Wright - Cushman & Wakefield
HWG VA – Beach LLC completed the acquisition of the retail property from 1808 Salem LLC with the transaction facilitated by broker Rob Wright from Cushman & Wakefield. The deal highlights the involvement of established entities in the commercial real estate market within the Virginia Beach area.
Players
Virginia Beach 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93