GBT Realty Corp Sells Retail Property On Jefferson Davis Hwy In Chester, VA For $36.5M
12607 Jefferson Davis Highway, Chester, Virginia 23237, United States
$36,500,000
$474,026/SF
Building Size
77 SF
Asset Type
Retail
Closing
Jul 12, 2022
AI
The retail property located at 12607 Jefferson Davis Hwy in Chester, VA has been sold in a transaction valued at $36,500,000. The property spans across 77,850 square feet, resulting in a price per square foot of $469. The seller of the property is GBT Realty Corp. The deal was brokered by Jordan Lex and Brad Peterson from JLL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $36,500,000
- Address: 12607 Jefferson Davis Hwy, Chester, VA
- Square Footage: 77,850
- Price per Square Foot: $469
- Seller: GBT Realty Corp
- Brokers: Jordan Lex & Brad Peterson - JLL
The transaction for the retail property at 12607 Jefferson Davis Hwy was facilitated by Jordan Lex and Brad Peterson from JLL. Their expertise and representation ensured the successful completion of the deal.
Players
Chester 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93