AMBAR Villa Park LLC Acquires Industrial Property In Richmond, VA For $12.4M
SOLD
$12,400,000
Virginia
See Similar DealsIndustrial74,862 SF
Sold 06/02/2022
SOLD
AMBAR Villa Park LLC Acquires Industrial Property In Richmond, VA For $12.4M
8040 Villa Park Drive, Henrico, Virginia 23228, United States
See Similar DealsIndustrial74,862 SF
Sold 06/02/2022
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$165
Total Square Footage:74,862 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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