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SRS Real Estate Partners Brokers $5.2M Retail Sale In Woodbridge, VA

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SOLD
$5,200,000

Virginia

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Retail46 SF
Sold 01/09/2023
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SOLD

SRS Real Estate Partners Brokers $5.2M Retail Sale In Woodbridge, VA

14527 Richmond Highway, Woodbridge, Virginia 22191, United States

See Similar Deals
Retail46 SF
Sold 01/09/2023
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Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$113,043
Total Square Footage:46 SF
Transaction Type:Sale

The retail property located at 14527–14645 Jefferson Davis Highway in Woodbridge, VA has been sold. The transaction was facilitated by Andrew Fallon, Rick Fernandez, and Philip Wellde of SRS Real Estate Partners. The sale price for the property was $5,200,000. The property spans 46,793 square feet, resulting in a price per square foot of $111.

Summary of transaction details

The deal was successfully closed with the assistance of the brokers from SRS Real Estate Partners, namely Andrew Fallon, Rick Fernandez, and Philip Wellde.

Players

Andrew Fallon
15 deals$141.3M volume
BROKER

Rick Fernandez
SRS Real Estate Partners
8 deals$82.9M volume
BROKER

Details

SOLD
IMAGE: Philip Wellde, Andrew Fallon & Rick Fernandez DATE: 01/09/2023 ADDRESS: 14527–14645 Jefferson Davis Highway MARKET: Woodbridge, VA ASSET TYPE: Retail BROKERS: Andrew Fallon, Rick Fernandez & Philip Wellde - SRS Real Estate Partners SALE PRICE: $5,200,000 SF: 46,793 ~ PPSF: $111

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

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83