Stanley Martin Companies, LLC Acquires 4.61 Acre Land In Henrico County, Virginia For $2.3M
10101 Brook Road, Glen Allen, Virginia 23059, United States
$2,300,000
Building Size
—
Asset Type
—
Closing
Dec 13, 2021
About this deal
AI
The property involved in the transaction is a land located at 10101 Brook Road in Henrico County, Virginia. The land spans approximately 4.61 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $2,300,000
- Address: 10101 Brook Road
- Market: Henrico County, Virginia
- Buyer: Stanley Martin Companies, LLC
- Seller: VCC Partners, LLC
- Broker: Connie Jordan Nielsen - Cushman & Wakefield | Thalhimer
The buyer in the transaction is Stanley Martin Companies, LLC. They acquired the land from the seller, VCC Partners, LLC. The deal was brokered by Connie Jordan Nielsen from Cushman & Wakefield | Thalhimer.
Glen Allen CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93