Franklin Companies, L.L.C Acquires Office Buildings In Fredericksburg For $6.2M
110 Juliad Court & 114 Juliad Court
$6,200,000
Building Size
—
Asset Type
Office
Closing
Oct 26, 2023
About this deal
AI
The office property at 110 & 114 Juliad Court in Fredericksburg, Virginia, has been sold to Franklin Companies, L.L.C for $6.2 million. The property spans across 9.4 acres and was listed by Jamie A. Scully, CCIM of Cushman & Wakefield | Thalhimer.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,200,000
- Address: 110 & 114 Juliad Court, Fredericksburg, VA
- Market: Fredericksburg, VA
- ACRES: 9.4
Cushman & Wakefield | Thalhimer facilitated the sale of the two buildings, with Jamie A. Scully, CCIM overseeing the transaction. Franklin Companies, L.L.C emerged as the buyer, acquiring the property for $6.2 million.
Fredericksburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93