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Sale · Office

CFCL, LLC Acquires 9,180 SF Office Building In Roanoke, VA From C&D Properties, LLC
SOLDOffice

CFCL, LLC Acquires 9,180 SF Office Building In Roanoke, VA From C&D Properties, LLC

$1,150,000

$125/SF

Building Size

9,180 SF

Asset Type

Office

Closing

Oct 12, 2023

AI

A 9,180 square foot office/flex building located at 686 Lee Highway in Roanoke, Virginia has been sold. The property was acquired by CFCL, LLC from C&D Properties, LLC for a sale price of $1,150,000. The building is set to become the Southwest Virginia office for Epitome Networks, a prominent player in the communications infrastructure sector.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,150,000
  • Square Footage: 9,180
  • Price Per Square Foot: $125
  • Address: 686 Lee Highway, Roanoke, VA
  • Market: Roanoke, VA

Cushman & Wakefield | Thalhimer facilitated the sale of the property, with Barry Ward representing CFCL, LLC as the broker. The sale of this office/flex building marks an important milestone for Epitome Networks, as it establishes its presence in Southwest Virginia's communications infrastructure sector.

Players

Barry Ward

Cushman & Wakefield

Broker

$13.6M

vol

5 deals

Broker
CL
CFCL, LLCBuyer

Market 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93