Updated Oct 29, 2024
JKW Holdings Acquires Commercial Property In Glen Allen, VA For $4.1M
4144 Innslake Drive Glen Allen, Virginia 23060, USA
$4,100,000
$211/SF
Building Size
19,355 SF
Asset Type
Commercial
Closing
Aug 11, 2023
About this deal
AI
JKW Holdings has acquired a 19,355 square-foot property located at 4144 Innslake Drive in Glen Allen, VA. The commercial property was sold for $4.1 million by Banks Park. The transaction was facilitated by Chris Wallace of CBRE, who represented the buyer in this deal.
Summary of transaction details
- Property Type: Commercial
- Sale Price: $4,100,000
- Square Footage: 19,355
- Price per Square Foot: $212
- Address: 4144 Innslake Drive, Glen Allen, VA
- Market: Glen Allen, VA
The buyer, JKW Holdings, successfully completed the acquisition of the property. Chris Wallace, a representative from CBRE, played a crucial role in this transaction by representing the buyer's interests. The deal marks a significant investment for JKW Holdings in the commercial real estate market.
Players
Glen Allen 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93