Updated Sep 16, 2025
SOLDIndustrial
Virginia Commercial Space Flight Authority Acquires Mappsville Industrial Facility From Bruce Ennis For $2.4M
$2,400,000
Building Size
—
Asset Type
Industrial
Closing
Sep 15, 2025
About this deal
AI
The industrial asset involved in this transaction is located at 13249 Lankford Highway in Mappsville, VA. The transaction was completed for a sale price of $2,400,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Buyer: Virginia Commercial Space Flight Authority
- Seller: Bruce Ennis
- Broker: Flo Brotzman - SVN
This deal was brokered by Flo Brotzman representing SVN in the sale to the Virginia Commercial Space Flight Authority, involving a strategic acquisition in the Mappsville market.
Players
SVNBrokerage
Market 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93