Marwaha Property Management Acquires Office Property In Richmond, VA For $5.35M
1910 East Parham Drive
$5,350,000
Building Size
—
Asset Type
Office
Closing
Jan 23, 2023
About this deal
AI
Marwaha Property Management has acquired three office properties located at 1910, 1920, and 1950 E Parham Dr in Richmond, VA. The sale price for this transaction was $5,350,000. The properties are situated in a market known for its thriving office sector.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,350,000
- Address: 1910, 1920 & 1950 E Parham Dr
- Market: Richmond, VA
The buyer, Marwaha Property Management, was represented by Tucker Dowdy and Michael Good from Commonwealth Commercial. These brokers facilitated the successful sale of the properties on behalf of their client.
On the Map
$5,350,000
Office
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Players
Henrico 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93