Bonney Road Property, LLC Acquires Retail Center In Virginia Beach For $2.5M
3845 Bonney Road
$2,500,000
$250/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jul 23, 2026
AI
3845 Bonney Road is a retail center located in Virginia Beach, Virginia. It encompasses an area of 10,000 square feet and was sold for a total price of $2,500,000, equating to a price per square foot of $250.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Sale Date: 07/23/2026
- Buyer: Bonney Road Property, LLC
- Seller: Bonney Road Plaza LLC
- Broker: John P. Duffy & Jr - Cushman & Wakefield
Bonney Road Property LLC acquired Bonney Plaza from Bonney Road Plaza LLC, facilitated by broker John P. Duffy & Jr from Cushman & Wakefield, representing the buyer in this transaction.
Bonney 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93