11201 Nuckols Road Owner LLC Buys Medical Office In Glen Allen For $2.28M
11201 Nuckols Road
$2,284,500
$538/SF
Building Size
4,246 SF
Asset Type
Medical Office
Closing
Mar 4, 2024
AI
The property involved in the transaction is a Medical Office located at 11201 Nuckols Road in Glen Allen, VA. The sale price was $2,284,500 for a total area of 4,246 square feet, translating to a price per square foot of $538.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $2,284,500
- Address: 11201 Nuckols Road
- Market: Glen Allen, VA
- Buyer: 11201 Nuckols Road Owner LLC
- Seller: Hamilton Glen Allen, LLC
Catharine Spangler and James Ashby IV from Cushman & Wakefield played a crucial role as the brokers representing Hamilton Glen Allen, LLC in the transaction. Cushman & Wakefield | Thalhimer’s Capital Markets Group facilitated the sale of the Bon Secours Urgent Care facility at 11201 Nuckols Road in Richmond's West End.
Players
Glen Allen Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.94%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93