Kaeser Compressors Acquires 17.39 Acres In Fredericksburg From CVS For $2.81M
Shannon Drive
$2,810,000
Building Size
—
Asset Type
Land
Closing
Apr 15, 2024
About this deal
AI
The property at 0 Shannon Drive in Spotsylvania County, Virginia, spanning 17.39 acres, was sold for $2,810,000 on 04/15/2024. The transaction involved Kaeser Compressors, Inc as the buyer and CVS Pharmacy, Inc as the seller, with the deal facilitated by Virgil G. Nelson of Cushman & Wakefield.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $2,810,000
- Address: 0 Shannon Drive
- Market: Fredericksburg, VA
- Buyer: Kaeser Compressors, Inc
- Seller: CVS Pharmacy, Inc
- Broker: Virgil G. Nelson - Cushman & Wakefield
Cushman & Wakefield | Thalhimer announced the sale of the property, with Kaeser Compressors, Inc acquiring the land from CVS Pharmacy, Inc for future development. Virgil G. Nelson, CCIM, played a key role in negotiating the sale on behalf of the seller.
Fredericksburg Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Fredericksburg land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.65%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93