The Charles & Margaret Levin Family LP Acquires Retail Property In Lynchburg, VA For $4.6M
SOLD
$4,600,000
Virginia
See Similar DealsRetail
Sold 11/04/2022
SOLD
The Charles & Margaret Levin Family LP Acquires Retail Property In Lynchburg, VA For $4.6M
19399 Forest Road, Lynchburg, Virginia 24502, United States
See Similar DealsRetail
Sold 11/04/2022
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Sale
The retail property located at 19399 Forest Road in Lynchburg, VA has been sold for a price of $4,600,000. The sale took place on 11/04/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 19399 Forest Road, Lynchburg, VA
- Market: Lynchburg, VA
The buyer of the property is The Charles & Margaret Levin Family LP, while the seller is Riverbend Development. The deal was facilitated by brokers John Pritzlaff and Jenny Stoner from Cushman & Wakefield.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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