JRA Real Estate, Inc Acquires Land In Chester, VA For $1.2M
11801 Virginia Highway Chester, Virginia 23831, USA
$1,200,000
Building Size
—
Asset Type
Land
Closing
May 11, 2023
About this deal
AI
A 10.24-acre land located at 11801 Jefferson Davis Highway in Chester, VA has been sold in a transaction. The property was sold by Alicia Brown to JRA Real Estate, Inc for a sale price of $1,200,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,200,000
- Address: 11801 Jefferson Davis Highway, Chester, VA
- Market: Chester, VA
- Buyer: JRA Real Estate, Inc
- Seller: Alicia Brown
- Broker: David M. Smith - Cushman & Wakefield
The buyer, JRA Real Estate, Inc, acquired this 10.24-acre land from the seller, Alicia Brown, in Chester, VA. The transaction was facilitated by the broker, David M. Smith from Cushman & Wakefield.
Chester Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93