Kimco Realty Corp Acquires Stonebridge At Potomac Town Center For $172.5M
15201 Potomac Town Place Woodbridge, VA 22191, USA
$172,500,000
$342/SF
Building Size
504,000 SF
Asset Type
Retail
Closing
Aug 25, 2023
About this deal
AI
Kimco Realty Corp has acquired Stonebridge at Potomac Town Center in Woodbridge, Virginia for $172.5 million. The retail property, located at 15201 Potomac Town Place, spans 504,000 square feet. This acquisition aims to expand the shopping hub near Interstate 95. The purchase price per square foot is $342.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $172,500,000
- Address: 15201 Potomac Town Place
- Market: Woodbridge, VA
- Buyer: Kimco Realty Corp
- Seller: JBG Smith Properties
The deal was facilitated by Kimco Realty Corp, a prominent player in the real estate industry. JBG Smith Properties acted as the seller's representative in this transaction.
On the Map
$172,500,000
$342/SF
Retail
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Players
Woodbridge 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93