BAPS Richmond Purchases Virginia Repertory Theatre Building For $2.75 Million In Richmond VA
4204 Hermitage Road
$2,750,000
$54/SF
Building Size
50,152 SF
Asset Type
Commercial
Closing
Oct 9, 2025
AI
BAPS Richmond purchased a commercial property located at 4204 Hermitage Road in Richmond, VA. The transaction occurred on October 9, 2025, for a total price of $2,750,000. The property encompasses a total floor area of 50,152 square feet, resulting in a price per square foot of $55.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,750,000
- Address: 4204 Hermitage Road
- Market: Richmond, VA
- Square Footage: 50,152
- Price per Square Foot: $55
- Buyer: BAPS Richmond
- Broker Representatives: Jeffrey Cooke & James Ashby IV - Cushman & Wakefield
Cushman & Wakefield | Thalhimer represented the seller in this transaction. The buyer, BAPS Richmond, plans to convert the former Virginia Repertory Theatre building into a Hindu temple following the acquisition.
Players
Richmond 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93