KW Commercial Acquires Mixed-Use Property In Richmond For $Undisclosed Amount With Broker Imtiaz Ali
Building Size
3,441,240 SF
Asset Type
Mixed-use
Closing
Apr 28, 2023
AI
A mixed-use property located at FM 2977 & Pleak Rd in Richmond has been sold. The property has a total square footage of 3,441,240, making it a significant asset in the market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: FM 2977 & Pleak Rd
- Market: Richmond
- Size: 3,441,240 square feet
The sale was facilitated by Imtiaz Ali from KW Commercial. Imtiaz Ali represented the buyer or seller during the transaction, ensuring a smooth deal process. Their expertise in real estate acquisitions and dispositions makes them a reliable partner for any future property transactions.
For more information or to inquire about similar acquisitions or dispositions, you can contact Imtiaz Ali at [email protected].
Richmond Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93