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Fortune River Forest Acquires Retail Center In Chester Virginia For $8.875M From Prudent Growth Partners
SOLD
$8,875,000
Virginia
See Similar DealsRetail30,070 SF
Sold 11/07/2025
SOLD
Fortune River Forest Acquires Retail Center In Chester Virginia For $8.875M From Prudent Growth Partners
Retail30,070 SF
Sold 11/07/2025
Summary
Asset Type:Retail
Price Per Square Foot:$295
Total Square Footage:30,070 SF
Transaction Type:Sale
The Shoppes at River Forest is a 30,070-square-foot retail center located at 11914 Iron Bridge Plaza in Chester, VA. The asset was sold for $8,875,000, with a price per square foot of $295. The property was 95% leased and is shadow-anchored by a Walmart Supercenter.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,875,000
- Buyer: Fortune River Forest
- Seller: Tom Hahn - Prudent Growth Partners
- Market: Chester, VA
Cushman & Wakefield | Thalhimer facilitated the sale on behalf of Prudent Growth Partners, handling the arrangement of the $8.9 million transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$473,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,531.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,072.03
Annual Debt Service$504,864.33
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