facebook
Traded Co logo
Submit
Daily limit: 0/10

Phil Slovitt Of Northpond Partners Buys Parkside Marketplace From Stavins & Axelrod

Property Image
SOLD
$17,350,000

Virginia

See Similar Deals
Retail52,948 SF
Sold 02/13/2024
the dealplayerscompscontact
Property Image
SOLD

Phil Slovitt Of Northpond Partners Buys Parkside Marketplace From Stavins & Axelrod

10791 West Broad Street

See Similar Deals
Retail52,948 SF
Sold 02/13/2024
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$327
Total Square Footage:52,948 SF
Transaction Type:Sale

The sale of Parkside Marketplace, a 52,948-square-foot retail center located at 10791 West Broad Street in Henrico, VA, was successfully facilitated for $17,350,000. The transaction was handled by Cushman & Wakefield | Thalhimer on behalf of the sellers, Stavins & Axelrod. The property was purchased by Northpond Partners, represented by Phil Slovitt.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $17,350,000
  • Address: 10791 West Broad Street
  • Market: Henrico, VA
  • Square Footage: 52,948
  • Buyer: Phil Slovitt - Northpond Partners
  • Seller: Stavins & Axelrod
  • Broker: Catharine Spangler - Cushman & Wakefield

Catharine Spangler from Cushman & Wakefield played a pivotal role in the transaction, assisting in the $17.35 million sale of Parkside Marketplace. The successful deal was a collaboration between key individuals and companies, highlighting the expertise and professionalism involved in the real estate industry.

Players

Catharine Spangler
Cushman & Wakefield
Catharine Spangler
20 deals$220M volume
BROKER

Details

SOLD
IMAGE: Phil Slovitt & Catharine Spangler DATE: 02/13/2024 ADDRESS: 10791 West Broad Street MARKET: Henrico, VA ASSET TYPE: Retail BUYER: Phil Slovitt - Northpond Partners SELLER: Stavins & Axelrod BROKER: Catharine Spangler - Cushman & Wakefield SALE PRICE: $17,350,000 SF: 52,948 ~ PPSF: $328 NOTE: Cushman & Wakefield | Thalhimer facilitated the $17.35 million sale of Parkside Marketplace, a 52,948-square-foot retail center on West Broad Street in Richmond, Virginia, on behalf of Stavins & Axelrod.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$925,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,640.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,247.85
Annual Debt Service$986,974.22