Stanley Martin Companies, LLC Acquires 4.61 Acre Land In Henrico County, Virginia For $2.3M
SOLD
$2,300,000
Virginia
See Similar DealsSold 12/14/2021
SOLD
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
See Similar DealsSold 12/14/2021
Summary
VIRGINIA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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