151,000+ SF Fully-Leased Distribution Center Sells for $10.275 Million

NORFOLK, VA (July 2022): S.L. Nusbaum Realty Co. is pleased to announce Chesapeake Dexter St West LLC has purchased 101 Dexter Street West in Chesapeake, VA from On Trading Corporation for $10,275,000 ($67.74/PSF). Sam Rapoport represented the seller in this off-market transaction.

The 151,669 square foot distribution center sits on 13.89 acres and features five dock doors and six grade level doors, immediate access to all major highways and is located less than a mile from the Greenbrier area of Chesapeake.

Zoned M-1, the facility is fully leased to two tenants – The Empire Company, which leases 122,189 square feet and Taylor Freezer Company occupies the remaining 29,480 square feet.

“I want to thank Sam for his assistance in representing me in the sale of my Industrial building at 101 Dexter Street West in Chesapeake. His market knowledge was key, and he was able to field multiple offers from quality Investors, which allowed us to transact rather quickly. He was a pleasure to work with.” said Nick Nuzzi, Vice President, On Trading Corporation.

For more information, please contact: Sam Rapoport, Vice President, 757,640.5438, srapoport@slnusbaum.com.

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