Updated Oct 28, 2024
Ritz Banc Group Acquires Industrial Property In Winchester, VA For $12.2M
310 Tyson Drive, Winchester, Virginia 22603, United States
$12,200,000
$49/SF
Building Size
244,500 SF
Asset Type
Industrial
Closing
Jan 6, 2022
About this deal
AI
Located at 310 Tyson Dr. in Winchester, VA, this industrial property was recently sold in a transaction facilitated by Marcus & Millichap.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $12,200,000
- Square Footage: 244,500
- Price Per Square Foot: $50
- Market: Winchester, VA
The buyer, Ritz Banc Group, acquired the property from the seller, InterChange Group, Inc. The deal was successfully negotiated by the team of brokers Brian Hosey, Christopher Dale, Robert Filley, and Randall Heilig from Marcus & Millichap.
On the Map
$12,200,000
$49/SF
Industrial
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Players
Winchester 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
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93