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2793 South Crater Road, Pet...

Omar Palos Raymundo Acquires Commercial Property In Petersburg, VA For $2.1M
SOLDCommercial

Omar Palos Raymundo Acquires Commercial Property In Petersburg, VA For $2.1M

2793 South Crater Road, Petersburg, Virginia 23805, United States

$2,075,000

$39,150/SF

Building Size

53 SF

Asset Type

Commercial

Closing

Sep 12, 2022

AI

An industrial property located at 2793 S Crater Rd in Petersburg, VA has been sold in a recent transaction. The property spans across 53,315 square feet and was sold at a price of $2,075,000, resulting in a price per square foot of $39. The seller, BHY Investment 2 LLC, successfully closed the deal with the buyer, Omar Palos Raymundo.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $2,075,000
  • Address: 2793 S Crater Rd, Petersburg, VA
  • Market: Petersburg, VA
  • Buyer: Omar Palos Raymundo
  • Seller: BHY Investment 2 LLC
  • Broker: John Madures - Divaris Real Estate
  • Square Footage: 53,315
  • Price per Square Foot: $39

The transaction was facilitated with the assistance of John Madures from Divaris Real Estate, who represented the seller, BHY Investment 2 LLC, in the negotiation process. We congratulate the buyer and seller on the successful completion of the deal.

Players

John Madures

Divaris Real Estate

Broker

$49.9M

vol

5 deals

Broker

Petersburg 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

7.64%

Cash-on-Cash

-2.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93