Girl Scout Commonwealth Council Of Virginia Inc Purchases Mixed-Use Asset In Richmond For $3.6M
3214 Skipwith Road
$3,600,000
$195/SF
Building Size
18,375 SF
Asset Type
Mixed-use
Closing
Nov 13, 2024
About this deal
AI
A mixed-use property located at 3214 Skipwith Road in Richmond, VA was sold for $3.6 million. The asset encompasses 18,375 square feet, translating to a price per square foot of $196. The buyer, Girl Scout Commonwealth Council of Virginia Inc., intends to use the space for administrative offices, a storefront, and collaborative meeting areas for local Girl Scouts troops.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Square Footage: 18,375
- Price Per Square Foot: $196
- Address: 3214 Skipwith Road
- Market: Richmond, VA
- Buyer: Girl Scout Commonwealth Council of Virginia Inc
- Broker Representatives: Amy J. Broderick, Kate Robertson Hosko & Will McGoogan - Cushman & Wakefield
The transaction highlights the involvement of three brokers from Cushman & Wakefield who represented the buyer in this deal. They facilitated the purchase for the Girl Scout Commonwealth Council of Virginia Inc., with plans to relocate and expand their operational capabilities within the new space.
Players
Henrico Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93