Rocky Mount Realty Acquires Retail Property In Salem, Virginia For $750K
SOLD
$750,000
Virginia
See Similar DealsRetail2,470 SF
Sold 11/21/2021
SOLD
Rocky Mount Realty Acquires Retail Property In Salem, Virginia For $750K
1224 West Main Street, Salem, Virginia, USA
See Similar DealsRetail2,470 SF
Sold 11/21/2021
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$303
Total Square Footage:2,470 SF
Transaction Type:Sale
The retail property located at 1224 West Main Street in Salem, Virginia has been sold for a price of $750,000. The transaction took place on November 21, 2021. The property has a total square footage of 2,470, resulting in a price per square foot of $304.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $750,000
The buyer of the property is Rocky Mount Realty, LLC, while the seller is RHC MP, LLC. The deal was facilitated by brokers Jessica A. Johnson and Wyatt Poats from Cushman & Wakefield | Thalhimer.
Note: The image associated with this transaction can be found at the provided Instagram link.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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