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HWG VA – Beach LLC Acquires Retail Property From 1808 Salem LLC For $2.8M In Virginia Beach

Property Image
SOLD
$2,800,000

Virginia

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Retail14,364 SF
Sold 12/17/2025
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Property Image
SOLD

HWG VA – Beach LLC Acquires Retail Property From 1808 Salem LLC For $2.8M In Virginia Beach

1808 Salem Road

See Similar Deals
Retail14,364 SF
Sold 12/17/2025
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$194
Total Square Footage:14,364 SF
Transaction Type:Sale

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

Rob Wright
Cushman & Wakefield
Rob Wright
8 deals$119.1M volume
BROKER

Details

SOLD
IMAGE: 12/17/2025 ADDRESS: 1808 Salem Road MARKET: Virginia Beach, VA ASSET TYPE: Retail ~ ACRES: 2.95 BUYER: HWG VA – Beach LLC SELLER: 1808 Salem LLC BROKER: Rob Wright - Cushman & Wakefield SALE PRICE: $2,800,000 SF: 14,364 ~ PPSF: $195 NOTE: HWG VA – Beach LLC bought the 14,364-square-foot retail property at 1808 Salem Road in Virginia Beach from 1808 Salem LLC for $2.8M, according to Cushman & Wakefield | Thalhimer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14