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Palindrome Holdings LLC Purchases Industrial Building In Richmond For $1.8 Million With David Crawford As The Broker

Property Image
SOLD
$1,800,000

Virginia

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Industrial5,360 SF
Sold 07/02/2025
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Property Image
SOLD

Palindrome Holdings LLC Purchases Industrial Building In Richmond For $1.8 Million With David Crawford As The Broker

1811 Roseneath Road

See Similar Deals
Industrial5,360 SF
Sold 07/02/2025
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$335
Total Square Footage:5,360 SF
Transaction Type:Sale

The property asset involved in the transaction is an industrial building located at 1811 Roseneath Road in Richmond, VA. The sale price for this asset was $1,800,000. The building has a total size of 5,360 square feet and a price per square foot of $336.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Buyer: Palindrome Holdings, LLC
  • Seller: 1811 Roseneath LLC
  • Broker: David Crawford - Cushman & Wakefield | Thalhimer
  • Market: Richmond, VA
  • Square Footage: 5,360
  • Price per Square Foot: $336

Palindrome Holdings, LLC acquired the property with plans to convert the industrial building to retail use. Cushman & Wakefield | Thalhimer represented Palindrome Holdings in this transaction, facilitating the agreement between the buyer and seller.

Players

David Crawford
Cushman & Wakefield
David Crawford
3 deals$6.4M volume(804) 697-3446
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 07/02/2025 ADDRESS: 1811 Roseneath Road MARKET: Richmond, VA ASSET TYPE: Industrial BUYER: Palindrome Holdings, LLC SELLER: 1811 Roseneath LLC BROKER: David Crawford - Cushman & Wakefield | Thalhimer SALE PRICE: $1,800,000 SF: 5,360 ~ PPSF: $336 NOTE: Palindrome Holdings bought the 5,360-square-foot industrial building at 1811 Roseneath Road in Richmond for $1.8 million and plans to convert it to retail. Cushman & Wakefield | Thalhimer represented the buyer in the transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02