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BAPS Richmond Purchases Virginia Repertory Theatre Building For $2.75 Million In Richmond VA

Property Image
SOLD
$2,750,000
James Ashby IV
Jeffrey (Jeff) Cooke

Virginia

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Commercial50,152 SF
Sold 10/09/2025
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Property Image
SOLD

BAPS Richmond Purchases Virginia Repertory Theatre Building For $2.75 Million In Richmond VA

4204 Hermitage Road

See Similar Deals
Commercial50,152 SF
Sold 10/09/2025
James Ashby IV
Jeffrey (Jeff) Cooke
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Commercial
Price Per Square Foot:$54
Total Square Footage:50,152 SF
Transaction Type:Sale

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

James Ashby IV
Cushman & Wakefield
James Ashby IV
5 deals$17.4M volume(804) 697-3455
BROKER
Jeffrey (Jeff) Cooke
Cushman & Wakefield
Jeffrey Cooke
4 deals$8.8M volume(804) 697-3459
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 10/09/2025 ADDRESS: 4204 Hermitage Road MARKET: Richmond, VA ASSET TYPE: Commercial BUYER: BAPS Richmond BROKERS: Jeffrey Cooke & James Ashby IV - Cushman & Wakefield SALE PRICE: $2,750,000 SF: 50,152 ~ PPSF: $55 NOTE: BAPS Richmond purchased the 50,152-square-foot Virginia Repertory Theatre building at 4204 Hermitage Road in Henrico County for $2.75 million. The buyer plans to convert the former theater into a Hindu temple, with Cushman & Wakefield | Thalhimer representing the seller in the transaction.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
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