The Charles & Margaret Levin Family LP Acquires Retail Property In Lynchburg, VA For $4.6M
19399 Forest Road, Lynchburg, Virginia 24502, United States
$4,600,000
Building Size
—
Asset Type
Retail
Closing
Nov 3, 2022
About this deal
AI
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.
The retail sale at 19399 Forest Road, Lynchburg, Virginia 24502, United States in Lynchburg, Virginia sold for $4.6M in 2022. 19399 Forest Road, Lynchburg, Virginia 24502, United States is classified as Retail on Traded. John Pritzlaff, Jenny Stoner, Margaret Levin, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Lynchburg, Virginia file for the 19399 Forest Road, Lynchburg, Virginia 24502, United States retail sold: pricing, party profiles, and other closed retail comps from the same Lynchburg sit in the Market section below. Filter that Lynchburg retail set by closing date to see what else sold near 19399 Forest Road, Lynchburg, Virginia 24502, United States around 2022. Published consideration for 19399 Forest Road, Lynchburg, Virginia 24502, United States is $4.6M, dated 2022. Cite this The Charles & Margaret Levin Family LP Acquires Retail Property In Lynchburg, VA For $4.6M sale when underwriting similar retail product around Lynchburg, Virginia.
Players
Lynchburg 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93