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.
Petersburg Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
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