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JR3 LLC Acquires Retail Property At 3447-3451 Fall Hill Avenue In Fredericksburg VA For $2.3M
SOLD
$2,300,000
Virginia
See Similar DealsRetail27,200 SF
Sold 06/06/2025
SOLD
JR3 LLC Acquires Retail Property At 3447-3451 Fall Hill Avenue In Fredericksburg VA For $2.3M
3447 Fall Hill Avenue & 3451 Fall Hill Avenue
See Similar DealsRetail27,200 SF
Sold 06/06/2025
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$84
Total Square Footage:27,200 SF
Transaction Type:Sale
JR3, LLC acquired a 13,600-square-foot retail property located at 3447-3451 Fall Hill Avenue in Fredericksburg, VA, for $2.3 million. The price per square foot for the transaction was $169.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 3447-3451 Fall Hill Avenue
- Market: Fredericksburg, VA
- Square Footage: 13,600
- Price Per Square Foot: $169
- Buyer: JR3, LLC
- Seller: Revive Real Estate, LLC
- Brokers: Jamie A. Scully & Sharon E. Schmidt - Cushman & Wakefield
The transaction was facilitated by Cushman & Wakefield, with Jamie A. Scully representing JR3, LLC and Sharon E. Schmidt representing Revive Real Estate, LLC in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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