Updated Dec 19, 2023
Cushman & Wakefield Sells 15.84 Acre Development Site In Chesterfield, VA For $4.9M
2221 West Hundred Road, Chester, Virginia 23831, United States
$4,900,000
Building Size
—
Asset Type
Development Site
Closing
Dec 23, 2022
About this deal
AI
The development site located at 2221 W Hundred Rd in Chesterfield, VA has been sold for a total price of $4,900,000. The property spans across an expansive area of 15.84 acres. This transaction was facilitated by David M. Smith from Cushman & Wakefield.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,900,000
- Address: 2221 W Hundred Rd, Chesterfield, VA
- Market: Chesterfield, VA
- ACRES: 15.84
- BROKER: David M. Smith - Cushman & Wakefield
This successful sale was overseen by David M. Smith, a representative from Cushman & Wakefield. The transaction highlights the expertise and professionalism of all parties involved.
Players
Chester Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93