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222 Satterfield Landing LLC Purchases Retail Asset In Lynchburg VA For $5.6M Represented By Cushman & Wakefield
SOLD
$5,600,000
Virginia
See Similar DealsRetail30,800 SF
Sold 11/09/2025
SOLD
222 Satterfield Landing LLC Purchases Retail Asset In Lynchburg VA For $5.6M Represented By Cushman & Wakefield
4026 Wards Road
See Similar DealsRetail30,800 SF
Sold 11/09/2025
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$181
Total Square Footage:30,800 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 4026 Wards Road, Lynchburg, VA. The property spans 30,800 square feet and was sold for $5,600,000, translating to a price per square foot of $182.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,600,000
- Buyer: 222 Satterfield Landing LLC
- Seller: LVA Property, LLC
- Sale Date: 11/09/2025
- Market: Lynchburg, VA
- Square Footage: 30,800
- Price Per Square Foot: $182
- Brokers: Clark Simpson, Norman K. Moon & Jr - Cushman & Wakefield
This transaction was part of a 1031 exchange, specifically involving the acquisition of a Sportsman’s Warehouse-leased building. The brokers representing the involved parties played a crucial role in facilitating this deal, ensuring the transaction proceeded smoothly between the different entities.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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