Brian D. Kosoy's Sterling Organization Acquires Braemar Village Center In Bristow, VA For $31.4M
$31,400,000
$281/SF
Building Size
111,635 SF
Asset Type
Retail
Closing
Dec 12, 2023
AI
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
Market 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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93