8209 W Broad Street, LLC Acquires Office Building In Richmond, VA For $1.6M
8209 West Broad Street Richmond, Virginia 23294, USA
$1,600,000
$447/SF
Building Size
3,579 SF
Asset Type
Office
Closing
May 30, 2023
About this deal
AI
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.
Richmond 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93