Updated Jan 14, 2025
Rebecca Weinerman, Martin Segal, Rob Logan & Danny Harrison Acquire Industrial Assets For $11.625M
6301 Gorman Road & 7600 Wellingford Drive
$11,625,000
$53/SF
Building Size
108,000 SF
Asset Type
Industrial
Closing
Dec 20, 2024
About this deal
AI
The asset involved in this transaction consists of two industrial properties located at 6301 Gorman Road and 7600 Wellingford Drive, within the Henrico and Manassas markets. The total sale price was $11,625,000, encompassing 108,000 square feet of space, which translates to a price per square foot of $107.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,625,000
- Square Footage: 108,000
- Price per Square Foot: $107
- Buyer: Rebecca Weinerman, Martin Segal, Rob Logan & Danny Harrison - BND Holdings
- Seller: Triple S Steel Holdings Inc
- Brokers: Marc Allocca, Matt Anderson & Hamilton Shaheen - Range Commercial Partners
This transaction was facilitated by the broker representatives Marc Allocca, Matt Anderson, and Hamilton Shaheen, who represented the seller, Triple S Steel Holdings Inc. The involvement of BND Holdings as the buyer includes key individuals Rebecca Weinerman, Martin Segal, Rob Logan, and Danny Harrison.
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93