CTO Realty Growth Acquires Retail Property In Glen, VA From Shopcore For $93.9M
2250 Old Brick Road Suite 200, Glen Allen, Virginia 23060, United States
$93,900,000
Building Size
—
Asset Type
Retail
Closing
Oct 13, 2022
About this deal
AI
The retail property located at 2250 Old Brick Rd Suite 200 in Glen, VA has been sold in a transaction. The property's sale price was $93,900,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $93,900,000
The buyer of the property was CTO Realty Growth, while the seller was Shopcore. The deal was facilitated by the brokerage firm Cushman & Wakefield.
The retail sale at 2250 Old Brick Road Suite 200, Glen Allen, Virginia 23060, United States in Glen Allen, Virginia sold for $93.9M in 2022. 2250 Old Brick Road Suite 200, Glen Allen, Virginia 23060, United States is classified as Retail on Traded. This page is the Glen Allen, Virginia file for the 2250 Old Brick Road Suite 200, Glen Allen, Virginia 23060, United States retail sold: pricing, party profiles, and other closed retail comps from the same Glen Allen sit in the Market section below. Filter that Glen Allen retail set by closing date to see what else sold near 2250 Old Brick Road Suite 200, Glen Allen, Virginia 23060, United States around 2022. Published consideration for 2250 Old Brick Road Suite 200, Glen Allen, Virginia 23060, United States is $93.9M, dated 2022. Cite this CTO Realty Growth Acquires Retail Property In Glen, VA From Shopcore For $93.9M sale when underwriting similar retail product around Glen Allen, Virginia.
On the Map
$93,900,000
Retail
View full map
Players
Glen Allen Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93