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The Twisted Crab Purchases Retail Property From Ross Seafood For $2.7M In Virginia Beach
SOLD
$2,700,000
Virginia
See Similar DealsRetail5,880 SF
Sold 03/10/2026
SOLD
The Twisted Crab Purchases Retail Property From Ross Seafood For $2.7M In Virginia Beach
210 24th Street & 216 24th Street
See Similar DealsRetail5,880 SF
Sold 03/10/2026
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$459
Total Square Footage:5,880 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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