Green Clean Express Auto Wash Buys Land For $1.5M
9486 West Broad Street, Richmond, Henrico County, VA, USA
$1,500,000
$363/SF
Building Size
4,126 SF
Asset Type
—
Closing
Nov 29, 2021
About this deal
AI
A land property located at 9486 West Broad Street in Henrico County, VA, has been sold for a total of $1,500,000. The transaction took place on November 29, 2021. The land, captured in an image by Alex T. Wotring, was acquired by Green Clean Express Auto Wash.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,500,000
- Market: Henrico County, VA
- Date: 11/29/2021
- Image by: Alex T. Wotring
- Buyer: Green Clean Express Auto Wash
- Broker: Alex T. Wotring - Cushman & Wakefield | Thalhimer
Alex T. Wotring from Cushman & Wakefield | Thalhimer represented the buyer, Green Clean Express Auto Wash, in the land sale transaction.
Richmond 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93