1441 Crossways Blvd & 1430 Kristina Way

CHESAPEAKE, VA

Property Overview

  • Located in Crossways Commerce Center
  • Excellent location with convenient interstate access
  • Walkable proximity to hotels, dining, and shopping
  • Well-maintained landscaping and building exteriors
  • A surplus of surface parking
  • 100% leased to the GSA (United States Coast Guard) and Sentara Heathcare

Acquisition Details

  • Acquired 1430 Kristina Way in 1999 as a part of a multi-property portfolio and 1441 Crossways Blvd in 2004 while senior management at First Potomac Realty Trust
  • DSC Partners subsequently acquired the properties in 2018 as a part of a 15-building portfolio valued at $167M

Execution

  • After acquiring the properties as a portfolio in December 2018, the properties were subsequently sold in August 2020 for $41,150,000
  • Executed a purchase agreement, completed due diligence, and closed on the sale all during the COVID-19 pandemic
  • Recognized a $12.7M profit in 20 months

Property Size: 206,000 SF

Details

Location

1441 Crossways Blvd & 1430 Kristina Way
CHESAPEAKE, VA

About DSC Partners

DSC Partners LLC is a real estate investment and development company that creates value through acquisition and enhancement of commercial properties in dynamic markets.

Founded by long-time DC real estate veterans Douglas J. Donatelli and Nicholas R. Smith, the company’s integrated approach to real estate investment optimizes long-term, risk-adjusted returns.

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Our Location

77 Upper RockMetro Park (Office)