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Matan Acquisitions II LLC Purchases 17253 Center Drive Industrial Property For $8 Million
SOLD
$8,000,000
Virginia
See Similar DealsIndustrial63,341 SF
Sold 01/07/2026
SOLD
Matan Acquisitions II LLC Purchases 17253 Center Drive Industrial Property For $8 Million
17253 Center Drive
See Similar DealsIndustrial63,341 SF
Sold 01/07/2026
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$126
Total Square Footage:63,341 SF
Transaction Type:Sale
17253 Center Drive is an industrial asset located in Ruther Glen, VA, featuring a total area of 63,341 square feet on 44.45 acres. The property was sold for $8,000,000, representing a price per square foot of $126.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 17253 Center Drive
- Market: Ruther Glen, VA
- Square Footage: 63,341
- Price per Square Foot: $126
- Broker: Jamie A. Scully - Cushman & Wakefield
- Buyer: Matan Acquisitions II, LLC
Jamie A. Scully, CCIM, represented the seller in this transaction, facilitating the sale process between the parties involved. Cushman & Wakefield | Thalhimer managed the listing and sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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