Prudent Growth Partners Sells Chatham Centre Medical And Retail Center For $2.95M
13900 Us Route 29 & 13950 Us Route 29
$2,950,000
$91/SF
Building Size
32,408 SF
Asset Type
Retail
Closing
Aug 19, 2026
About this deal
AI
The property sold is a 32,408-square-foot medical and retail center located at 13900 US Route 29 & 13950 US Route 29, in the market of Chatham, Virginia. The sale was finalized for $2,950,000, translating to a price per square foot of $91. This asset was previously acquired by the seller for $2.65 million in 2022.
Summary of transaction details:
- Property Type: Medical Services & Retail
- Transaction Amount: $2,950,000
- Seller: Prudent Growth Partners
Prudent Growth Partners divested the fully occupied Chatham Centre in this transaction. The center represents a significant transaction in the local market, reflecting ongoing demand for mixed-use properties in the area.
Players
Chatham 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93