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Threelo LLC Acquires 24,400 Square Foot Retail Center In Glen Allen For $6.4 Million

Property Image
SOLD
$6,400,000
Catharine Spangler
James Ashby IV
Annie O’Connor

Virginia

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Retail24,400 SF
Sold 06/18/2025
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Property Image
SOLD

Threelo LLC Acquires 24,400 Square Foot Retail Center In Glen Allen For $6.4 Million

1070 Virginia Center Parkway

See Similar Deals
Retail24,400 SF
Sold 06/18/2025
Catharine Spangler
James Ashby IV
Annie O’Connor
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$262
Total Square Footage:24,400 SF
Transaction Type:Sale

The retail asset involved in this transaction is a fully leased property located at 1070 Virginia Center Parkway, Glen Allen, VA. The sale was completed for a transaction amount of $6,400,000, with a total square footage of 24,400 and a price per square foot of $262.

Summary of transaction details:

Thalhimer’s Capital Markets Group facilitated the sale of Virginia Center Station, which is anchored by tenants such as Chipotle and Mattress Firm. This transaction showcases the active engagement of Cushman & Wakefield | Thalhimer in the retail market within the Glen Allen area.

Players

Catharine Spangler
Cushman & Wakefield
Catharine Spangler
20 deals$220M volume
BROKER
James Ashby IV
Cushman & Wakefield
James Ashby IV
5 deals$17.4M volume(804) 697-3455
BROKER
Annie O’Connor
Cushman & Wakefield
Annie O’Connor
2 deals$16.4M volume(804) 697-3451
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 06/18/2025 ADDRESS: 1070 Virginia Center Parkway MARKET: Glen Allen, VA ASSET TYPE: Retail BUYER: Threelo LLC SELLER: HDJR Central LLC & HDJR Central II LLC BROKERS: Catharine Spangler, James Ashby IV & Annie O’Connor - Cushman & Wakefield | Thalhimer SALE PRICE: $6,400,000 SF: 24,400 ~ PPSF: $262 NOTE: Thalhimer’s Capital Markets Group sold Virginia Center Station, a fully leased 24,400-square-foot retail center in Glen Allen, for $6.4 million. The property, anchored by tenants like Chipotle and Mattress Firm, was sold by HDJR Central LLC to Threelo LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18