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29 Titus Drive

STNL Development Purchases Retail Building From Country Treasures For $1.405M In Penn Laird
SOLDRetail

STNL Development Purchases Retail Building From Country Treasures For $1.405M In Penn Laird

29 Titus Drive

$1,405,000

$165/SF

Building Size

8,512 SF

Asset Type

Retail

Closing

Dec 2, 2025

AI

The asset involved in this transaction is an 8,512 sq. ft. retail building located at 29 Titus Drive in Penn Laird, Virginia. The sale price for the property was $1,405,000, resulting in a price per square foot of $165.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,405,000
  • Buyer: STNL Development
  • Seller: Country Treasures, Inc
  • Brokers: Josephine Williams & Jenny Stoner - Cushman & Wakefield
  • Sale Date: 12/02/2025

Josephine Williams and Jenny Stoner from Cushman & Wakefield represented the transaction, facilitating the deal between STNL Development and Country Treasures, Inc. Following the acquisition, STNL Development plans to convert the property into a veterinary clinic.

Players

Jenny Stoner

Cushman & Wakefield

Broker

$89.5M

vol

11 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Penn Laird 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

11.29%

Cash-on-Cash

-3.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93