facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Virginia

/

Office

/

Sale

/

5601 Ironbridge Parkway

Updated Dec 4, 2024

Richmond Eye & Ear Healthcare Alliance Acquires Ironbridge Commons Office Building For $3.5M
SOLDOffice

Richmond Eye & Ear Healthcare Alliance Acquires Ironbridge Commons Office Building For $3.5M

5601 Ironbridge Parkway

$3,500,000

$68/SF

Building Size

51,500 SF

Asset Type

Office

Closing

Nov 16, 2023

About this deal

AI

Ironbridge Commons, a 51,500-square-foot Class A office building located at 5601 Ironbridge Parkway in Chester, VA, has been sold for $3.5 million. The property sits on approximately 4.3 acres of land and is situated in Chesterfield County. The sale price equates to a per square foot price of $68.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,500,000
  • Address: 5601 Ironbridge Parkway, Chester, VA
  • Market: Chester, VA
  • Acres: 4.3

The buyer in this transaction is Richmond Eye & Ear Healthcare Alliance, while the seller is Banks Ironbridge, LP. The deal was facilitated by Evan Magrill of Cushman & Wakefield, representing the buyer on behalf of Richmond Eye & Ear Healthcare Alliance.

Note: Richmond Eye and Ear Healthcare Alliance (MEDE RVA) acquired Ironbridge Commons, a 51,500-square-foot Class A office building in Chesterfield County, Virginia, for $3.5 million.

Players

Evan Magrill

Cushman & Wakefield

Broker

$15.2M

vol

3 deals

Broker

Chester Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Deal FAQ

About $68 per square foot on a published $3.5M for 51,500 square feet (2023).

Visit Evan Magrill to view all their deals.

Browse Chester office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets