Q&L Realty Acquires Retail Property In Colonial Heights, VA For $5.5M
1865 Southpark Boulevard, Colonial Heights, Virginia 23834, United States
$5,500,000
$158/SF
Building Size
34,705 SF
Asset Type
Retail
Closing
Jul 17, 2022
AI
The retail property located at 1829-1865 Southpark Blvd in Colonial Heights, VA has been sold in a closed transaction. The property spans approximately 34,705 square feet and was sold for a total price of $5,500,000, resulting in an average price per square foot of $158.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $5,500,000
- Square Footage: 34,705
- Price per Square Foot: $158
- Address: 1829-1865 Southpark Blvd, Colonial Heights, VA
- Market: Colonial Heights, VA
The buyer of the property is Q&L Realty, while the transaction was facilitated by John Madures of Divaris Real Estate.
Players
Colonial Heights 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93