Updated Oct 29, 2024
HKM, LLC Sells Medical Office In Roanoke, VA For $2.8M
1505 Franklin Road Southwest, Roanoke, Virginia 24016, United States
$2,825,000
$309/SF
Building Size
9,120 SF
Asset Type
Medical Office
Closing
Apr 4, 2023
About this deal
AI
The medical office property located at 1505 Franklin Road SW in Roanoke, VA has been sold. The property spans 1.02 acres and consists of a 9,120 square foot building. The transaction was completed by HKM, LLC, who sold the property for a total of $2,825,000. The sale price per square foot was calculated to be $310.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $2,825,000
- Address: 1505 Franklin Road SW, Roanoke, VA
- Market: Roanoke, VA
- Acres: 1.02
The sale transaction was facilitated by Clay Taylor and Boyd Johnson from Cushman & Wakefield. They represented HKM, LLC in the deal.
Players
Roanoke Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93