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Girl Scout Commonwealth Council Of Virginia Inc Purchases Mixed-Use Asset In Richmond For $3.6M

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SOLD
$3,600,000

Virginia

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Mixed-use18,375 SF
Sold 11/13/2024
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Property Image
SOLD

Girl Scout Commonwealth Council Of Virginia Inc Purchases Mixed-Use Asset In Richmond For $3.6M

3214 Skipwith Road

See Similar Deals
Mixed-use18,375 SF
Sold 11/13/2024
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Summary

VIRGINIA
Asset Type:Mixed-use
Price Per Square Foot:$195
Total Square Footage:18,375 SF
Transaction Type:Sale

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

Amy J. Broderick
3 deals$7.2M volume
BROKER

Kate Robertson Hosko
Cushman & Wakefield
3 deals$7.2M volume(804) 697-3479
BROKER

Will McGoogan
Cushman & Wakefield
3 deals$6.6M volume(804) 697-3463
BROKER

Details

SOLD
IMAGE: 11/13/2024 ADDRESS: 3214 Skipwith Road MARKET: Richmond, VA ASSET TYPE: Mixed-use BUYER: Girl Scout Commonwealth Council of Virginia Inc BROKERS: Amy J. Broderick, Kate Robertson Hosko & Will McGoogan - Cushman & Wakefield SALE PRICE: $3,600,000 SF: 18,375 ~ PPSF: $196 NOTE: Girl Scout Commonwealth Council of Virginia Inc. purchased an 18,375-square-foot flex building at 3214 Skipwith Road in Richmond for $3.6 million. The organization plans to relocate its offices and retail center, using the space for administrative offices, a storefront, and collaborative meeting areas for local Girl Scouts troops.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04