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8209 W Broad Street, LLC Acquires Office Building In Richmond, VA For $1.6M
SOLD
$1,600,000
Virginia
See Similar DealsOffice3,579 SF
Sold 05/30/2023
SOLD
8209 W Broad Street, LLC Acquires Office Building In Richmond, VA For $1.6M
8209 West Broad Street Richmond, Virginia 23294, USA
See Similar DealsOffice3,579 SF
Sold 05/30/2023
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$447
Total Square Footage:3,579 SF
Transaction Type:Sale
8209 West Broad Street, Richmond, VA, has been sold for $1,600,000. This office property spans 3,579 square feet, resulting in a price per square foot of $447.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,600,000
- SF: 3,579
- PPSF: $447
- Address: 8209 West Broad Street, Richmond, VA
- Market: Richmond, VA
The buyer of the property is 8209 W Broad Street, LLC, while the seller is Atlantic Union Bank. The deal was facilitated by Will McGoogan from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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