In August of 2024, Emerald Creek Capital provided a $10,925,000 acquisition loan in the city of Chesapeake, VA. The loan is secured by a multitenant industrial warehouse with 142,163 square feet of net rentable area situated on an 8.3-acre site. The subject property is 97% leased and features 21–24-foot clear ceiling heights, 11 dock doors, 7 drive-in doors, and 7,200 square feet of office space. There are 50 surface parking spaces on site. Chesapeake is a strategic hub for industrial uses, offering proximity to major transportation routes, and a robust infrastructure that supports manufacturing, logistics, and distribution. The subject property is easily accessible off Interstate 64 and Route 13.
For more information, please contact us at info@emeraldcreekcapital.com
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