Updated Oct 29, 2024
Press Press Merch LLC Acquires Industrial Property In Cave Spring, VA For $1.65M
4721 Starkey Road, Roanoke, Virginia 24018, United States
$1,650,000
Building Size
—
Asset Type
Industrial
Closing
Jan 11, 2023
About this deal
AI
A warehouse property located at 4721 Starkey Road in Cave Spring, VA has been sold. The industrial asset was purchased by Press Press Merch LLC for a total sale price of $1,650,000. The transaction took place on January 12, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Address: 4721 Starkey Road, Cave Spring, VA
- Market: Cave Spring, VA
- Buyer: Press Press Merch LLC
The deal was facilitated by the brokers Barry Ward, Bill Poe, and Price Gutshall who represented Press Press Merch LLC in the transaction. The brokers are affiliated with Cushman & Wakefield.
On the Map
$1,650,000
Industrial
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Players
Roanoke 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93