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
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