YMCA Of Virginia’s Blue Ridge Leases 47,000 SF Retail Space At Tanglewood Mall
4420 Electric Road
Building Size
47,000 SF
Asset Type
Retail
Closing
Jun 5, 2024
About this deal
AI
The YMCA of Virginia’s Blue Ridge has leased 47,000 square feet of space at Tanglewood Mall in Roanoke County, Virginia. This lease marks an expansion of the YMCA's current presence in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 4420 Electric Road
- Market: Roanoke, VA
- Tenant: Mark Johnson - YMCA of Virginia’s Blue Ridge
- Broker: Wyatt Poatsof - Cushman & Wakefield
Cushman & Wakefield | Thalhimer facilitated this lease agreement, allowing the YMCA of Virginia’s Blue Ridge to enhance its offerings by securing additional space at Tanglewood Mall. Wyatt Poatsof of Cushman & Wakefield represented the tenant, Mark Johnson, in this transaction.
On the Map
Retail
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Players
Roanoke Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93