Updated Oct 28, 2024
AMBAR Villa Park LLC Acquires Industrial Property In Richmond, VA For $12.4M
8040 Villa Park Drive, Henrico, Virginia 23228, United States
$12,400,000
$165/SF
Building Size
74,862 SF
Asset Type
Industrial
Closing
Jun 1, 2022
About this deal
AI
The industrial property located at 8040 Villa Park Dr in Richmond, VA has been sold in a recent transaction. The property spans 74,862 square feet and was sold for a price of $12,400,000, resulting in a price per square foot of approximately $166. The buyer in this transaction is AMBAR Villa Park LLC.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,400,000
- Square Feet: 74,862
- Price per Square Foot: $166
- Address: 8040 Villa Park Dr, Richmond, VA
- Market: Richmond, VA
The deal was facilitated by Eric Robison, Bo McKown, and Graham Stoneburner of Cushman & Wakefield, who represented the buyer, AMBAR Villa Park LLC, in this transaction.
Players
Henrico 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93