Daily limit: 0/10
Franklin Companies, L.L.C Acquires Office Buildings In Fredericksburg For $6.2M
SOLD
$6,200,000
Virginia
See Similar DealsOffice
Sold 10/26/2023
SOLD
Franklin Companies, L.L.C Acquires Office Buildings In Fredericksburg For $6.2M
110 Juliad Court & 114 Juliad Court
See Similar DealsOffice
Sold 10/26/2023
Summary
VIRGINIA
Asset Type:Office
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
Is there something missing? Send suggestions