Virginia South Acquisition Corporation II Acquires Office Building In Midlothian For $1.9M
2909 Polo Parkway
$1,900,000
$146/SF
Building Size
12,958 SF
Asset Type
Office
Closing
Jun 5, 2026
About this deal
AI
The property involved in the transaction is an office asset located at 2909 Polo Parkway in Midlothian, VA. The sale concluded with a transaction amount of $1.9 million for a total square footage of 12,958, resulting in a price per square foot of $147.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,900,000
- Square Footage: 12,958
- Address: 2909 Polo Parkway
- Market: Midlothian, VA
- Buyer: Virginia South Acquisition Corporation II
- Seller: S&G Development 2, LLC
- Brokers: Amy J. Broderick & Kate Robertson Hosko - Cushman & Wakefield
The brokers representing this transaction, Amy J. Broderick and Kate Robertson Hosko, are affiliated with Cushman & Wakefield. This firm announced the successful sale of the office building from S&G Development 2, LLC to Virginia South Acquisition Corporation II.
Players
Midlothian 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93