Cushman & Wakefield Facilitates $9.85M Industrial Sale In Richmond VA
2001 Bellwood Road, 1911 Bellwood Road, 8331 Fort Darling Road, 8411 Fort Darling Road, 1930 Cross Street & 1906 Cross Street
$9,850,000
$19/SF
Building Size
513,294 SF
Asset Type
Industrial
Closing
Jun 12, 2024
AI
An industrial warehouse spanning approximately 85,549 square feet, along with an additional ~11.6 acres of land in Richmond, Virginia, was sold for $9,850,000. The property is located at 2001 Bellwood Road, 1911 Bellwood Road, 8331 Fort Darling Road, 8411 Fort Darling Road, 1930 Cross Street & 1906 Cross Street in the Richmond market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,850,000
- Address: 2001 Bellwood Road, 1911 Bellwood Road, 8331 Fort Darling Road, 8411 Fort Darling Road, 1930 Cross Street & 1906 Cross Street
- Market: Richmond, VA
- Square Footage: 85,549
- Price per Square Foot: $115
Chrissy Chappell and Graham Stoneburner of Cushman & Wakefield represented the seller during the negotiations for this industrial property sale in Richmond, Virginia.
Players
North Chesterfield 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
1.61%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93