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
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.
Players
Lynchburg Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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