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6401 Iron Bridge Road

Mark Nussbaum Of Stonehill Capital Represents Lender Carter Bank In $5M Retail Acquisition Loan
FINANCEDRetail

Mark Nussbaum Of Stonehill Capital Represents Lender Carter Bank In $5M Retail Acquisition Loan

6401 Iron Bridge Road

$5,000,000

$86/SF

Building Size

57,830 SF

Asset Type

Retail

Closing

Mar 27, 2025

AI

The property asset involved in this transaction is located at 6401 Iron Bridge Road in the Richmond market. It is categorized as a retail asset with a total square footage of 57,830. The loan amount secured for this acquisition is $5,000,000, provided by the lender Carter Bank.

Summary of transaction details:

Mark Nussbaum from Stonehill Capital represents the broker in this transaction, facilitating the acquisition process for the involved parties.

Players

Mark Nussbaum

Stonehill Capital Group

Broker

$42.4M

vol

3 deals

Broker
Stonehill Capital
Stonehill CapitalBrokerage

Richmond Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93