Atlantic Builders Ltd Acquires Office Building In Fredericksburg For $2.25M From Seller Townsend Realty Investments LLC
1955 Emancipation Highway
$2,250,000
$187/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Jul 8, 2024
About this deal
AI
Atlantic Builders, Ltd. acquired a 12,000-square-foot office building located at 1955 Emancipation Highway in Fredericksburg, VA for a total of $2.25 million. The price per square foot for the transaction was $188.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,250,000
- Address: 1955 Emancipation Highway
- Market: Fredericksburg, VA
- Square Footage: 12,000
- Price per Square Foot: $188
- Buyer: Atlantic Builders, Ltd
- Seller: Townsend Realty Investments, LLC
- Broker: Jamie A. Scully & CCIM - Cushman & Wakefield
The transaction involved Atlantic Builders, Ltd. as the buyer, who plans to use the property as their new headquarters. Cushman & Wakefield | Thalhimer's Jamie A. Scully represented the seller, Townsend Realty Investments, LLC, during 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93