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
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