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

Property Image
SOLD
$2,075,000

Virginia

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Commercial53 SF
Sold 09/12/2022
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Property Image
SOLD

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

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

See Similar Deals
Commercial53 SF
Sold 09/12/2022
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Summary

VIRGINIA
Asset Type:Commercial
Price Per Square Foot:$39,150
Total Square Footage:53 SF
Transaction Type:Sale

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
5 deals$49.9M volume
BROKER

Details

SOLD
IMAGE: John Madures DATE: 12/09/2022 ADDRESS: 2793 S Crater Rd MARKET: Petersburg, VA ASSET TYPE: Commercial BUYER: Omar Palos Raymundo SELLER: BHY Investment 2 LLC BROKER: John Madures - Divaris Real Estate SALE PRICE: $2,075,000 SF: 53,315 ~ PPSF: $39

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$7,372.05
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