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
About this deal
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.
On the Map
$2,800,000
$194/SF
Retail
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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