The Twisted Crab Purchases Retail Property From Ross Seafood For $2.7M In Virginia Beach
210 24th Street & 216 24th Street
$2,700,000
$459/SF
Building Size
2,940 SF
Asset Type
Retail
Closing
Mar 10, 2026
About this deal
AI
The transaction involved a retail asset comprising 2,940 square feet, located at 210 24th Street & 216 24th Street in Virginia Beach, VA. The sale price for this property was $2,700,000, resulting in a price per square foot of $918.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 210 24th Street & 216 24th Street
- Market: Virginia Beach, VA
- Buyer: The Twisted Crab
- Seller: Ross Seafood, Inc
- Broker: Dean G. Martin - Cushman & Wakefield
The deal was brokered by Cushman & Wakefield | Thalhimer, facilitating the sale between The Twisted Crab and Ross Seafood, Inc, ensuring a smooth transaction process for both parties involved.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93