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8040 Villa Park Drive, Henr...

AMBAR Villa Park LLC Acquires Industrial Property In Richmond, VA For $12.4M
SOLDIndustrial

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

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

Eric Robison

Cushman & Wakefield

Broker

$411.2M

vol

9 deals

Broker

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