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MIG Lynchburg Ventures Purchases 314 Jefferson Ridge Parkway Industrial Property For $17.5M
SOLD
$17,500,000
Virginia
See Similar DealsIndustrial231,708 SF
Sold
SOLD
MIG Lynchburg Ventures Purchases 314 Jefferson Ridge Parkway Industrial Property For $17.5M
314 Jefferson Ridge Parkway
See Similar DealsIndustrial231,708 SF
Sold
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:231708 SF
Transaction Type:Sale
314 Jefferson Ridge Parkway is an industrial property situated on 31.08 acres in Lynchburg, VA. The asset comprises 231,708 square feet and has been sold for $17,500,000, translating to a price per square foot of $76.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Sale Date: 03/10/2026
- Buyer: MIG Lynchburg Ventures, LLC
- Seller: Riversedge Furniture Company, Inc
- Brokers: Danny Holly & Rett Turner - Cushman & Wakefield
In this transaction, Danny Holly and Rett Turner, both affiliated with Cushman & Wakefield, represented MIG Lynchburg Ventures, LLC as the buyer, facilitating the acquisition of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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