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
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