11300 Business Center, LLC Acquires Industrial Property In Richmond, VA For $1.7M
SOLD
$1,700,000
Virginia
See Similar DealsIndustrial9,100 SF
Sold 04/23/2020
SOLD
11300 Business Center, LLC Acquires Industrial Property In Richmond, VA For $1.7M
11300 Business Center Drive, Richmond, Virginia 23236, United States
See Similar DealsIndustrial9,100 SF
Sold 04/23/2020
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$186
Total Square Footage:9,100 SF
Transaction Type:Sale
An industrial property located at 11300 Business Center Drive in Richmond, VA has been sold for a total price of $1,700,000. The property spans 9,100 square feet, resulting in a price per square foot of $187. The transaction took place on April 24, 2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 11300 Business Center Drive, Richmond, VA
- Square Feet: 9,100
- Price per Square Foot: $187
Cushman & Wakefield represented both parties in the transaction. The buyer, 11300 Business Center, LLC, acquired the property from the seller, AdvanceTEC. The brokers involved in the deal were Birck Turnbull, Graham Stoneburner, and David Crawford.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
Is there something missing? Send suggestions