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Rappahannock Area Community Services Board Acquires Industrial Property In Fredericksburg For $7.9M

Property Image
SOLD
$7,900,000
Wilson H. Greenlaw
Berkley M. Mitchell

Virginia

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Industrial79,240 SF
Sold 08/27/2025
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Property Image
SOLD

Rappahannock Area Community Services Board Acquires Industrial Property In Fredericksburg For $7.9M

4701 Market Street

See Similar Deals
Industrial79,240 SF
Sold 08/27/2025
Wilson H. Greenlaw
Berkley M. Mitchell
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:79,240 SF
Transaction Type:Sale

The property involved in this transaction is a 79,240-square-foot industrial building located at 4701 Market Street in Fredericksburg, VA. The sale price for the asset was $7,900,000, translating to a price per square foot of $100.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,900,000
  • Address: 4701 Market Street
  • Market: Fredericksburg, VA
  • Buyer: Rappahannock Area Community Services Board
  • Brokers: Wilson H. Greenlaw & Berkley M. Mitchell - Cushman & Wakefield | Thalhimer

The transaction involved Rappahannock Area Community Services Board purchasing the property from Rappahannock Goodwill Industries. It is noted that the buyer plans to relocate its headquarters to this site.

Players

Wilson H. Greenlaw
Cushman & Wakefield
Wilson H. Greenlaw
5 deals$28.3M volume
BROKER
Berkley M. Mitchell
Cushman & Wakefield
Berkley M. Mitchell
2 deals$9.3M volume(540) 846-0884
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 08/27/2025 ADDRESS: 4701 Market Street MARKET: Fredericksburg, VA ASSET TYPE: Industrial BUYER: Rappahannock Area Community Services Board BROKERS: Wilson H. Greenlaw & Berkley M. Mitchell - Cushman & Wakefield | Thalhimer SALE PRICE: $7,900,000 SF: 79,240 ~ PPSF: $100 NOTE: Cushman & Wakefield | Thalhimer brokered the $7.9 million sale of a 79,240-square-foot industrial building at 4701 Market St. in Fredericksburg, Va. Rappahannock Area Community Services Board bought the property from Rappahannock Goodwill Industries and will relocate its headquarters there.

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

$421,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36