Fortune River Forest Acquires Retail Center In Chester Virginia For $8.875M From Prudent Growth Partners
$8,875,000
$295/SF
Building Size
30,070 SF
Asset Type
Retail
Closing
Nov 7, 2025
AI
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.
Players
Market 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
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93