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S & L Properties Richmond LLC Acquires Retail Property In Henrico For $1.575M With Brokers Wotring & Bugger
SOLD
$1,575,000
Virginia
See Similar DealsRetail5,002 SF
Sold 02/11/2026
SOLD
S & L Properties Richmond LLC Acquires Retail Property In Henrico For $1.575M With Brokers Wotring & Bugger
4306 South Laburnum Avenue
See Similar DealsRetail5,002 SF
Sold 02/11/2026
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$314
Total Square Footage:5,002 SF
Transaction Type:Sale
A retail property located at 4306 South Laburnum Avenue in Henrico, VA, has been sold for $1,575,000. The asset encompasses a total square footage of 5,002, resulting in a price per square foot of $315.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,575,000
- Address: 4306 South Laburnum Avenue
- Market: Henrico, VA
- Square Footage: 5,002
- Price per Square Foot: $315
- Buyer: S & L Properties Richmond LLC
- Seller: 8th & N Condos, LLC
- Broker Representatives: Alex T. Wotring & Bruce Bugger - Cushman & Wakefield
The transaction involved S & L Properties planning to redevelop the site as the first Culver’s in Richmond. Cushman & Wakefield facilitated the sale, with intentions to demolish the existing structure and construct a new Culver’s restaurant on the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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