Broom Factory LLC Acquires Office Building In Richmond, VA For $1.32M
2201 East Main Street
$1,325,000
$97/SF
Building Size
13,560 SF
Asset Type
Office
Closing
Jun 18, 2024
AI
An office building spanning 13,560 square feet, located at 2201 East Main Street in Richmond, Virginia, was sold for $1,325,000. The transaction was facilitated by Jeff Cooke, SIOR, and Reilly Marchant of Cushman & Wakefield | Thalhimer, representing an investment move in the city's real estate market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,325,000
- Square Footage: 13,560
- Address: 2201 East Main Street
- Market: Richmond, VA
- Buyer: Broom Factory LLC
- Broker: Jeff Cooke - Cushman & Wakefield
- Price per Square Foot: $98
Broom Factory LLC acquired the office building at 2201 E Main Street in Richmond, Virginia. Jeff Cooke of Cushman & Wakefield played a pivotal role in facilitating the transaction, showcasing his expertise in the city's real estate market.
Richmond Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93