SOLDIndustrial
MH III Fort Darling LLC Acquires Industrial Asset In North Chesterfield For $9.3 Million
8401 Fort Darling Road
$9,300,000
$81/SF
Building Size
114,714 SF
Asset Type
Industrial
Closing
Jul 1, 2024
AI
The transaction involved a sale-leaseback of a 114,714-square-foot industrial asset located at 8401 Fort Darling Road in North Chesterfield, VA. The property was sold for $9,300,000, equating to a price per square foot of $81.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,300,000
- Square Footage: 114,714
- Address: 8401 Fort Darling Road
- Market: North Chesterfield, VA
- Buyer: MH III Fort Darling LLC
- Seller: Fort Darling Partners, LLC
- Brokers: Chrissy Chappell, Graham Stoneburner - Cushman & Wakefield & Bo McKown - undefined
NOTE: Cushman & Wakefield | Thalhimer represented Fort Darling Partners, LLC in the deal.
Players
North Chesterfield 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93