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4204 Hermitage Road

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

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

James Ashby IV

Cushman & Wakefield

Broker

$17.4M

vol

5 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Richmond 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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93