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American Behavioral Health Acquires Office Building In Colonial Heights For $2.1M
SOLD
$2,100,000
Virginia
See Similar DealsOffice9,478 SF
Sold 11/18/2024
SOLD
American Behavioral Health Acquires Office Building In Colonial Heights For $2.1M
439 Jennick Drive
See Similar DealsOffice9,478 SF
Sold 11/18/2024
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$221
Total Square Footage:9,478 SF
Transaction Type:Sale
American Behavioral Health purchased an office property located at 439 Jennick Drive in Colonial Heights, VA. The transaction closed on November 18, 2024, with a sale price of $2,100,000 for a total square footage of 9,478, translating to a price per square foot of $222.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,100,000
- Address: 439 Jennick Drive
- Market: Colonial Heights, VA
- Square Footage: 9,478
- Price Per Square Foot: $222
- Buyer: American Behavioral Health
- Seller: 4567, LLC
- Broker Representatives: Amy J. Broderick & Kate Robertson Hosko - Cushman & Wakefield
Cushman & Wakefield represented the seller, 4567, LLC, in this transaction, facilitating the sale of the property to American Behavioral Health.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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