Flagship Healthcare Properties Sells Medical Office In Fredericksburg, VA For $6.85M
1071 Care Way, Fredericksburg, Virginia 22401, United States
$6,850,000
$428,125/SF
Building Size
16 SF
Asset Type
—
Closing
Apr 17, 2023
About this deal
AI
Flagship Healthcare Properties LLC has successfully sold a medical office property located at 1071 Care Way in Fredericksburg, VA. The transaction, which took place on January 13, 2023, involved a total sale price of $6,850,000. The property spans across 16,483 square feet, resulting in a price per square foot of $416.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $6,850,000
- Address: 1071 Care Way, Fredericksburg, VA
- Market: Fredericksburg, VA
- Square Footage: 16,483
- Price per Square Foot: $416
Flagship Healthcare Properties LLC acted as the seller in this transaction. The deal was successfully closed with the assistance of their representative.
On the Map
$6,850,000
$428,125/SF
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Players
Fredericksburg 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93