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2510 South Front Street Ric...

Marcus & Millichap Brokers Sell Retail Property In Richlands, VA For $1.55M
SOLDRetail

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

Craig Dunkle

SCOPE

Broker

$60.9M

vol

11 deals

Broker

Richlands 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93