Merritt Acquires 20 Acre Industrial Property In Ashland, VA For $41.3M
10408 Lakeridge Parkway, Ashland, Virginia 23005, United States
$41,300,000
Building Size
—
Asset Type
Industrial
Closing
Aug 22, 2022
AI
The industrial property located at 10408 Lakeridge Pkwy in Ashland, VA has been sold in a closed transaction. Situated on 20 acres of land, this industrial asset offers ample space for various operations.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $41,300,000
- Address: 10408 Lakeridge Pkwy, Ashland, VA
- Market: Ashland, VA
- Lot Size: 20 acres
Merritt, represented by Scott Dorsey, has acquired the property. Thalhimer Realty Partners, Inc. acted as the seller in this transaction. The brokerage services were provided by Eric Robison of Cushman & Wakefield.
Players
Ashland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93