facebook
Traded Co logo
Submit
Daily limit: 0/10

1834 East 4 Street, LLC Acquires Retail Property In North Chesterfield, VA For $4.8M

Property Image
SOLD
$4,800,000

Virginia

See Similar Deals
Retail8,120 SF
Sold 11/27/2023
the dealplayerscompscontact
Property Image
SOLD

1834 East 4 Street, LLC Acquires Retail Property In North Chesterfield, VA For $4.8M

11530 Midlothian Turnpike

See Similar Deals
Retail8,120 SF
Sold 11/27/2023
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$591
Total Square Footage:8,120 SF
Transaction Type:Sale

The Corner Shops at Chesterfield Towne Center, located at 11530 Midlothian Turnpike in North Chesterfield, VA, has been sold in a transaction facilitated by Cushman & Wakefield | Thalhimer's Capital Markets Group. The property is a retail asset with a total area of 8,120 square feet. The sale price for the property was $4,800,000, resulting in a price per square foot of $591.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,800,000
  • Address: 11530 Midlothian Turnpike, North Chesterfield, VA
  • Market: North Chesterfield, VA

1834 East 4 Street, LLC acquired The Corner Shops from the seller, Midlothian Pike Investments, LLC. The buyer was represented by Clark Simpson, Erik Conradi, and Ted Levin of Cushman & Wakefield. The transaction was successfully completed on November 27, 2023.

Note: Cushman & Wakefield | Thalhimer's Capital Markets Group represented the seller, Midlothian Pike Investments, LLC, in the sale of The Corner Shops at Chesterfield Towne Center.

Players

Clark Simpson
16 deals$87.8M volume
BROKER

Erik Conradi
Cushman & Wakefield
13 deals$73.3M volume
BROKER

Ted Levin
Cushman & Wakefield
4 deals$16.1M volume(757) 499-4279
BROKER

Details

SOLD
IMAGE: Clark Simpson, Erik Conradi & Ted Levin DATE: 11/27/2023 ADDRESS: 11530 Midlothian Turnpike MARKET: North Chesterfield, VA ASSET TYPE: Retail BUYER: 1834 East 4 Street, LLC SELLER: Midlothian Pike Investments, LLC BROKERS: Clark Simpson, Erik Conradi & Ted Levin - Cushman & Wakefield SALE PRICE: $4,800,000 SF: 8,120 ~ PPSF: $591 NOTE: Cushman & Wakefield | Thalhimer's Capital Markets Group has successfully represented the seller, Midlothian Pike Investments, LLC, in the sale of The Corner Shops at Chesterfield Towne Center, located at 11530 Midlothian Tnpk., Chesterfield County, Virginia.

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)

$256,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39