American Behavioral Health Acquires Office Building In Colonial Heights For $2.1M
439 Jennick Drive
$2,100,000
$221/SF
Building Size
9,478 SF
Asset Type
Office
Closing
Nov 18, 2024
About this deal
AI
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.
Players
Colonial Heights 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93