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1071 Care Way, Fredericksbu...

Flagship Healthcare Properties Sells Medical Office In Fredericksburg, VA For $6.85M
SOLD

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

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.

Players

FP
Flagship Healthcare PropertiesSeller

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