facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Virginia

/

Industrial

/

Sale

/

56 Joseph Mills Drive, Fred...

Updated Oct 28, 2024

Eight Two Seven Acres Sells Industrial Property In Spotsylvania County, Virginia For $2.25M
SOLDIndustrial

Eight Two Seven Acres Sells Industrial Property In Spotsylvania County, Virginia For $2.25M

56 Joseph Mills Drive, Fredericksburg, Spotsylvania County, Virginia, USA

$2,250,000

$93/SF

Building Size

24,000 SF

Asset Type

Industrial

Closing

Nov 3, 2021

About this deal

AI

Located at 56 Joseph Mills Drive in Spotsylvania County, Virginia, this industrial property spans 2.84 acres. The sale of this property was facilitated by brokers Virgil G. Nelson and Wilson H. Greenlaw from Cushman & Wakefield | Thalhimer, representing the seller, Eight Two Seven Acres, LLC. The transaction took place on November 3, 2021. The property offers a total of 24,000 square feet of space, resulting in a price per square foot of $94. The sale price for this property amounted to $2,250,000.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,250,000
  • Address: 56 Joseph Mills Drive, Spotsylvania County, Virginia
  • Market: Spotsylvania County, Virginia
  • Broker(s): Virgil G. Nelson & Wilson H. Greenlaw - Cushman & Wakefield | Thalhimer
  • Acres: 2.84

The deal's key individuals include brokers Virgil G. Nelson and Wilson H. Greenlaw from Cushman & Wakefield | Thalhimer, who represented the seller, Eight Two Seven Acres, LLC. Together, they successfully facilitated the sale of this industrial property, providing valuable expertise and guidance throughout the transaction.

Players

Virgil G. Nelson

Cushman & Wakefield

Broker

$52.2M

vol

5 deals

Broker

Fredericksburg Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $93 per square foot on a published $2.3M for 24,000 square feet (2021).

Visit Wilson H. Greenlaw to view all their deals.

Browse Virginia industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets