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
Richmond Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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