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8101 Staples Mill Road Rich...

Prudent Growth Partners Acquires Mixed-Use Property In Richmond, VA For $7.25M
SOLDMixed-use

Prudent Growth Partners Acquires Mixed-Use Property In Richmond, VA For $7.25M

8101 Staples Mill Road Richmond, Virginia 23228, USA

$7,250,000

$147/SF

Building Size

49,092 SF

Asset Type

Mixed-use

Closing

Apr 27, 2023

AI

The mixed-use property located at 8101-8157 Staples Mill Road in Richmond, VA has been sold for $7,250,000. The property spans an area of 49,092 square feet, resulting in a price per square foot of $148. The transaction took place on April 27, 2023.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $7,250,000
  • Address: 8101-8157 Staples Mill Road, Richmond, VA
  • Market: Richmond, VA
  • Buyer: Prudent Growth Partners, LLC
  • Seller: Fernau LeBlanc Investment Partners
  • Brokers: Bo McKown, Catharine Spangler & Eric Robison - Cushman & Wakefield
  • Square Footage: 49,092
  • Price per Square Foot: $148

Cushman & Wakefield represented the buyer, Prudent Growth Partners, LLC, in this transaction. Bo McKown, Catharine Spangler, and Eric Robison from Cushman & Wakefield served as the brokers for the deal.

Players

Catharine Spangler

Cushman & Wakefield

Broker

$220M

vol

20 deals

Broker
PL
Prudent Growth Partners, LLCBuyer

Richmond 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

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93