Rosenthal Properties, FarmViewVentures & HIG Realty Partners Acquire Retail Property In Midlothian, Richmond & Henrico, VA For $110M
12501 Stone Village Way Midlothian, Virginia 23113, Usa
$110,000,000
$185/SF
Building Size
592,000 SF
Asset Type
Retail
Closing
Jun 2, 2023
About this deal
AI
Rosenthal Properties, FarmViewVentures, and HIG Realty Partners have acquired a retail property located at 12501-12715 Stone Village Way, 1502-1532 North Parham Road, 1503-1567 North Parham Road, and 8943-9097 Staples Mill Road in Midlothian, Richmond, and Henrico, VA. The property spans a total area of 592,000 square feet. The transaction closed on June 2, 2023, with a sale price of $110,000,000.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $110,000,000
- Address: 12501-12715 Stone Village Way; 1502-1532 North Parham Road; 1503-1567 North Parham Road & 8943-9097 Staples Mill Road
- Market: Midlothian, Richmond & Henrico, VA
- Buyer: Rosenthal Properties, FarmViewVentures & HIG Realty Partners
- Brokers: Jordan Roeschlaub, Dustin Stolly, Chase Tagen & Hudson Barineau - Newmark
The acquisition was facilitated by Jordan Roeschlaub, Dustin Stolly, Chase Tagen, and Hudson Barineau of Newmark, who represented the buyer group in the transaction.
On the Map
$110,000,000
$185/SF
Retail
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Players
Midlothian 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93