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GBT Realty Corp Sells Retail Property On Jefferson Davis Hwy In Chester, VA For $36.5M

Property Image
SOLD
$36,500,000
Jordan Lex
Brad Peterson

Virginia

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Retail77 SF
Sold 07/12/2022
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Property Image
SOLD

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

See Similar Deals
Retail77 SF
Sold 07/12/2022
Jordan Lex
Brad Peterson
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$474,026
Total Square Footage:77 SF
Transaction Type:Sale

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

Brad Peterson
Colliers
Brad Peterson
31 deals$631.9M volume
BROKER
Jordan Lex
JLL
Jordan Lex
11 deals$647.2M volume
BROKER
GBT Realty Corp
GBT Realty Corp
SELLER

Details

SOLD
IMAGE: Jordan Lex & Brad Peterson DATE: 12/07/2022 ADDRESS: 12607 Jefferson Davis Hwy MARKET: Chester, VA ASSET TYPE: Retail SELLER: GBT Realty Corp BROKERS: Jordan Lex & Brad Peterson - JLL SALE PRICE: $36,500,000 SF: 77,850 ~ PPSF: $469

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,946,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$129,676.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$173,028.62
Annual Debt Service$2,076,343.46