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Q&L Realty Acquires Retail Property In Colonial Heights, VA For $5.5M

Property Image
SOLD
$5,500,000

Virginia

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Retail34,705 SF
Sold 09/26/2022
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Property Image
SOLD

Q&L Realty Acquires Retail Property In Colonial Heights, VA For $5.5M

230 Southpark Circle, Colonial Heights, Virginia 23834, United States

See Similar Deals
Retail34,705 SF
Sold 09/26/2022
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$158
Total Square Footage:34,705 SF
Transaction Type:Sale

A retail property located at 230 Southpark Cir in Colonial Heights, VA has been sold. The property spans over 6.67 acres and was acquired by Q&L Realty from the previous owner, Colonial Heights Land Associates Limited Partnership. The transaction was facilitated by John Madures of Divaris Real Estate. The sale price for the property was $5,500,000, with a total square footage of 34,705. The price per square foot was calculated at $158.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Square Footage: 34,705
  • Price Per Square Foot: $158
  • Address: 230 Southpark Cir, Colonial Heights, VA
  • Market: Colonial Heights, VA

John Madures of Divaris Real Estate represented Q&L Realty in the transaction. This sale showcases the active real estate market in Colonial Heights, VA, and the strong interest in acquiring retail properties in the area.

Players

John Madures
Divaris Real Estate
John Madures
5 deals$49.9M volume
BROKER
QR
Q&L Realty
BUYER

Details

SOLD
IMAGE: John Madures DATE: 09/26/2022 ADDRESS: 230 Southpark Cir MARKET: Colonial Heights, VA ASSET TYPE: Retail ~ ACRES: 6.67 BUYER: Q&L Realty SELLER: Colonial Heights Land Associates Limited Partnership BROKER: John Madures - Divaris Real Estate SALE PRICE: $5,500,000 SF: 34,705 ~ PPSF: $158

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
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