Updated Dec 4, 2024
POTS, LLC Acquires Three-Parcel Site In Richmond For $1.65M
2012 East Broad Street, 2018 East Broad Street & 304 North 21st Street
$1,650,000
Building Size
—
Asset Type
Commercial
Closing
Nov 28, 2023
About this deal
AI
POTS, LLC has acquired a half-acre three-parcel site in Richmond, Virginia, comprising 2012 and 2018 E. Broad St. and 304 N. 21st St., for $1.65 million from 2018 East Broad, LLC.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $1,650,000
- Buyer: POTS, LLC
- Seller: 2018 East Broad, LLC
- Brokers: Brian K. Berkey & Karla Knight - Cushman & Wakefield
The deal was facilitated by Brian K. Berkey and Karla Knight of Cushman & Wakefield, who represented the buyer, POTS, LLC, in the transaction.
Players
Richmond Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93