1701 Kraft Drive LLC Purchases Office Building In Blacksburg VA From 1701 USA Holdings LLC For $4M
1701 Kraft Drive
$4,000,000
$125/SF
Building Size
32,000 SF
Asset Type
Office
Closing
Jul 28, 2025
About this deal
AI
The asset involved in this transaction is a 32,000-square-foot office building located at 1701 Kraft Drive in Blacksburg, VA. The property was sold for a price of $4,000,000, translating to a price per square foot of $125.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 1701 Kraft Drive
- Market: Blacksburg, VA
- Buyer: 1701 Kraft Drive LLC
- Seller: 1701 USA Holdings, LLC
- Broker Representatives: Barry Ward & Price Gutshall - Cushman & Wakefield
- Square Footage: 32,000
- Price per Square Foot: $125
The buyer, 1701 Kraft Drive LLC, acquired the property from the seller, 1701 USA Holdings, LLC. The transaction was brokered by Barry Ward and Price Gutshall from Cushman & Wakefield, representing the involved parties in this deal.
On the Map
$4,000,000
$125/SF
Office
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Players
Blacksburg 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93