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701 North Battlefield Boule...

United Properties Buys Woodford Square Shopping Center From Moxie Equities For $12.1M In Chesapeake
SOLDRetail

United Properties Buys Woodford Square Shopping Center From Moxie Equities For $12.1M In Chesapeake

701 North Battlefield Boulevard

$12,100,000

$141/SF

Building Size

85,323 SF

Asset Type

Retail

Closing

Oct 7, 2025

AI

The property involved in this transaction is an 85,323-square-foot retail asset located at 701 North Battlefield Boulevard in Chesapeake, VA. It was sold for $12,100,000, which translates to a price per square foot of $142. The shopping center is fully leased and anchored by Harbor Freight.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,100,000
  • Buyer: United Properties
  • Seller: Moxie Equities
  • Broker: Fred Victor - Atlantic Retail
  • Square Footage: 85,323
  • Price Per Square Foot: $142
  • Market: Chesapeake, VA

Atlantic Capital Partners facilitated the arrangement of this $12.1 million sale, representing a significant retail investment transaction involving notable entities in the real estate market.

Players

Fred Victor

Atlantic Retail

Broker

$144.5M

vol

8 deals

Broker
Atlantic Retail
Atlantic Retail Brokerage
United Properties
United PropertiesBuyer

Chesapeake 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

1.31%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93