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Brian D. Kosoy's Sterling Organization Acquires Braemar Village Center In Bristow, VA For $31.4M
SOLD
$31,400,000
Virginia
See Similar DealsRetail111,635 SF
Sold 12/12/2023
SOLD
Brian D. Kosoy's Sterling Organization Acquires Braemar Village Center In Bristow, VA For $31.4M
Retail111,635 SF
Sold 12/12/2023
Summary
Asset Type:Retail
Price Per Square Foot:$281
Total Square Footage:111,635 SF
Transaction Type:Sale
Sterling Organization has acquired Braemar Village Center, a 111,635-square-foot grocery-anchored shopping center located at 12713 Braemar Village Plz in Bristow, VA, for a total of $31,400,000. The center was sold by Regency Centers.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,400,000
- Square Footage: 111,635
- Price Per Square Foot: $281
- Address: 12713 Braemar Village Plz
- Market: Bristow, VA
Brian D. Kosoy, representing Sterling Organization, acted as the buyer in this transaction, while Lisa Palmer, representing Regency Centers, acted as the seller.
It is worth noting that Braemar Village Center was acquired by Sterling Organization from Regency Centers at a purchase price of $31.4 million.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,674,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$111,557.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$148,852.02
Annual Debt Service$1,786,224.23
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