Peninsula Main VA LLC Sells 8,000-Square-Foot Retail Property In Hampton For $1.125M
3150 Allainby Way
$1,125,000
$140/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Sep 5, 2023
About this deal
AI
Peninsula Main VA LLC has completed the sale of an 8,000-square-foot retail property located on Allainby Way in Hampton, VA. The property, known as Peninsula Town Center, Building A, was sold for a price of $1.125 million. This sale represents a significant transaction in the retail market of Hampton.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $1,125,000
- Square Footage: 8,000
- Price Per Square Foot: $141
- Address: 3150 Allainby Way, Hampton, VA
- Market: Hampton, VA
The sale was facilitated by Nathan Shor, a representative from S.L. Nusbaum Realty Co, who acted as the broker for Peninsula Main VA LLC. With his expertise, the transaction was successfully completed, showcasing the effectiveness of Nathan Shor in handling property deals in Hampton, VA.
Hampton 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93