Updated Dec 5, 2024
MDH Partners Acquires Industrial Asset In Danville, VA For $19.1M
Danville, Virginia, United States
$19,100,000
$137/SF
Building Size
138,670 SF
Asset Type
Industrial
Closing
Jun 6, 2022
About this deal
AI
An industrial property located in Danville, VA has been sold for a total price of $19,100,000. The property spans across 138,670 square feet, resulting in a price per square foot of $138. The transaction took place between the buyer, MDH Partners represented by Houston Hawley, and the seller, AeroFarms represented by David Rosenberg.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $19,100,000
- Square Footage: 138,670
- Price Per Square Foot: $138
- Buyer: MDH Partners - Houston Hawley
- Seller: AeroFarms - David Rosenberg
Houston Hawley, representing MDH Partners, facilitated the purchase of the industrial property. On the other hand, David Rosenberg acted as the representative for AeroFarms, the seller in this transaction. These key individuals and their respective companies played crucial roles in the completion of this deal.
Players
Danville 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93