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VDM Properties II LLC Acquires Office Building In Midlothian For $1.5M From Meyerhoffer Associates LLC
SOLD
$1,500,000
Virginia
See Similar DealsOffice10,135 SF
Sold 06/16/2025
SOLD
VDM Properties II LLC Acquires Office Building In Midlothian For $1.5M From Meyerhoffer Associates LLC
1210 Sycamore Square Drive
See Similar DealsOffice10,135 SF
Sold 06/16/2025
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$148
Total Square Footage:10,135 SF
Transaction Type:Sale
The property asset involved in the transaction is an office building located at 1210 Sycamore Square Drive in Midlothian, VA. The transaction was completed for a total amount of $1,500,000, covering a space of 10,135 square feet with a price per square foot of $148.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $1,500,000
- Address: 1210 Sycamore Square Drive
- Market: Midlothian, VA
- Square Footage: 10,135
- Price Per Square Foot: $148
- Buyer: VDM Properties II, LLC
- Seller: Meyerhoffer Associates, LLC
- Brokers: Amy J. Broderick, Kate Robertson Hosko & Gregg Beck - Cushman & Wakefield | Thalhimer
VDM Properties II, LLC acquired the office building from Meyerhoffer Associates, LLC, with the transaction facilitated by the brokerage team from Cushman & Wakefield | Thalhimer. The representatives included Amy J. Broderick, Kate Robertson Hosko, and Gregg Beck.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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