Updated Aug 28, 2025
Rappahannock Area Community Services Board Acquires Industrial Property In Fredericksburg For $7.9M
4701 Market Street
$7,900,000
$99/SF
Building Size
79,240 SF
Asset Type
Industrial
Closing
Aug 27, 2025
About this deal
AI
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
Fredericksburg 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93