Erkin Tentishev Acquires Office Building In Fredericksburg VA For $3.7M From American Traffic Safety Services
15 Riverside Parkway
$3,700,000
$161/SF
Building Size
22,894 SF
Asset Type
Office
Closing
Jul 23, 2024
About this deal
AI
Erkin Tentishev purchased an office building located at 15 Riverside Parkway in Fredericksburg, VA, for a price of $3,700,000. The property encompasses 22,894 square feet, translating to a price per square foot of $162. The transaction took place in Stafford County, Virginia.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,700,000
- Address: 15 Riverside Parkway
- Market: Fredericksburg, VA
- Square Footage: 22,894
- Price Per Square Foot: $162
- Buyer: Erkin Tentishev
- Seller: American Traffic Safety Services Association
- Broker: Jamie A. Scully & CCIM - Cushman & Wakefield
Erkin Tentishev intends to establish the Asian Medical Institute at the purchased location. Jamie Scully of Cushman & Wakefield represented the American Traffic Safety Services Association as the seller in this transaction.
Fredericksburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Jamie A. Scully, CCIM to view all their deals.
Browse Fredericksburg office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93