Updated Oct 29, 2024
Lattice Hall Development Acquires 84-acre Development Site In Moseley, VA For $5.4M
16901 Genito Road
$5,400,000
Building Size
—
Asset Type
Development Site
Closing
Feb 12, 2022
About this deal
AI
A development site located at 16901 & 16501 Genito Rd in Moseley, VA has been sold for a price of $5,400,000. The site spans across 84 acres and was acquired by Lattice Hall Development from the sellers, Lattice Hall Enterprises and Stephen Keith Payne.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,400,000
- Address: 16901 & 16501 Genito Rd, Moseley, VA
- Market: Moseley, VA
- ACRES: 84
- Buyer: Lattice Hall Development
- Seller: Lattice Hall Enterprises & Stephen Keith Payne
- Brokers: Commonwealth Commercial Partners - Chris Jenkins, Randy Cosby & Michael Good
The deal was facilitated by the brokers Chris Jenkins, Randy Cosby, and Michael Good from Commonwealth Commercial Partners.
Players
Moseley Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93