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
$2,300,000
$84/SF
Building Size
13,600 SF
Asset Type
Retail
Closing
Jun 6, 2025
About this deal
AI
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.
Players
Fredericksburg 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93