Harry H. Frampton III Buys Land From Nelson Family In Henrico, VA For $4.5M
Willson Road
$4,500,000
Building Size
—
Asset Type
Land
Closing
Mar 7, 2024
About this deal
AI
The sale involved approximately 261.59 acres of land located in Henrico County, Virginia. The property, situated adjacent to Rt. 895 at Rt. 5 and spanning across Willson Road, was acquired by East West Partners of Virginia from the Nelson Family for a total sale price of $4,500,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,500,000
- Location: Willson Road, Henrico, VA
- Market: Henrico, VA
- Buyer: Harry H. Frampton III - East West Partners
- Seller: Nelson Family
- Broker: David M. Smith - Cushman & Wakefield
- Acres: 261.59
David M. Smith of Cushman & Wakefield represented the seller, the Nelson Family, in this transaction. The buyer, Harry H. Frampton III of East West Partners, successfully completed the acquisition of the expansive land parcel in Henrico County, Virginia.
Montrose Heights 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93