Q&L Realty Acquires Retail Property In Colonial Heights, VA For $5.5M
230 Southpark Circle, Colonial Heights, Virginia 23834, United States
$5,500,000
$158/SF
Building Size
34,705 SF
Asset Type
Retail
Closing
Sep 25, 2022
About this deal
AI
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.
On the Map
$5,500,000
$158/SF
Retail
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Players
Colonial Heights 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93