Marcus & Millichap Brokers Sell Retail Property In Richlands, VA For $1.55M
2510 South Front Street Richlands, Virginia 24641, Usa
$1,550,000
$158/SF
Building Size
9,800 SF
Asset Type
Retail
Closing
May 17, 2023
AI
A retail property located at 2510 South Front Street in Richlands, VA, has been sold for a price of $1,550,000. The property spans approximately 9,800 square feet, resulting in a price per square foot of $158. The transaction took place on May 17, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,550,000
- Square Footage: 9,800
- Price per Square Foot: $158
- Address: 2510 South Front Street, Richlands, VA
- Market: Richlands, VA
The sale of the retail property was facilitated by Craig Dunkle and Mher Vartanian from the Marcus & Millichap brokerage.
Players
Richlands 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93