206 W Market LLC Acquires Office Building From Biarritz LLC In Charlottesville For $2.15M
206 West Market Street
$2,150,000
$312/SF
Building Size
6,890 SF
Asset Type
Office
Closing
Sep 29, 2026
About this deal
AI
The property asset involved in this transaction is a former Common House building located at 206 West Market Street in Charlottesville, VA. The sale price was $2,150,000 for an area encompassing 6,890 square feet, translating to a price per square foot of $312.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,150,000
- Buyer: 206 W MARKET LLC
- Seller: Biarritz LLC
- Broker Representatives: John Pritzlaff & Jenny Stoner - Cushman & Wakefield
This investment sale saw 206 W MARKET LLC acquire the property from Biarritz LLC, with representation from John Pritzlaff IV and Jenny Stoner of Cushman & Wakefield, who acted on behalf of the seller in the transaction.
On the Map
$2,150,000
$312/SF
Office
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Players
Forest Grove 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93