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Kaeser Compressors Acquires 17.39 Acres In Fredericksburg From CVS For $2.81M
SOLD
$2,810,000
Virginia
See Similar DealsLand
Sold 04/15/2024
SOLD
Kaeser Compressors Acquires 17.39 Acres In Fredericksburg From CVS For $2.81M
Shannon Drive
See Similar DealsLand
Sold 04/15/2024
Summary
VIRGINIA
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,983.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,320.83
Annual Debt Service$159,850.00
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