OMILOS, LLC Acquires Retail Property In Newport News For $4.5M
11124 Jefferson Avenue
$4,500,000
Building Size
—
Asset Type
Retail
Closing
Jul 3, 2024
About this deal
AI
The transaction involved the sale of a retail property located at 11124 Jefferson Avenue in Newport News, VA. The asset spans 1.95 acres and was acquired by OMILOS, LLC for $4.5 million.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 11124 Jefferson Avenue
- Market: Newport News, VA
- Asset Type: Retail
- Acres: 1.95
- Buyer: OMILOS, LLC
- Brokers: Clark Simpson & Erik Conradi - Cushman & Wakefield
Cushman & Wakefield | Thalhimer's Clark Simpson and Erik Conradi served as the seller's representatives, facilitating the transaction for the 1.95-acre parcel leased by Wawa in Newport News, Virginia.
On the Map
$4,500,000
Retail
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Players
Newport News Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93