VDM Properties II LLC Acquires Office Building In Midlothian For $1.5M From Meyerhoffer Associates LLC
1210 Sycamore Square Drive
$1,500,000
$148/SF
Building Size
10,135 SF
Asset Type
Office
Closing
Jun 16, 2025
About this deal
AI
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
Midlothian 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93