B&E Sells Retail Property On Shore Dr In Virginia Beach, VA For $4.9M
4768 Shore Drive Virginia Beach, Virginia 23455, USA
$4,900,000
$336/SF
Building Size
14,560 SF
Asset Type
Retail
Closing
May 30, 2023
About this deal
AI
The recently closed transaction in Virginia Beach, VA involved a retail property located at 4768 Shore Dr. This property spans 14,560 square feet and was sold for a total price of $4,900,000, resulting in a price per square foot of $337.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Square Feet: 14,560
- Price Per Square Foot: $337
- Market: Virginia Beach, VA
The sale was facilitated by the brokerage firm B+E. They played a key role in representing the parties involved in the transaction, ensuring a successful deal.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93