S & L Properties Richmond LLC Acquires Retail Property In Henrico For $1.575M With Brokers Wotring & Bugger
4306 South Laburnum Avenue
$1,575,000
$314/SF
Building Size
5,002 SF
Asset Type
Retail
Closing
Feb 11, 2026
About this deal
AI
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.
Players
Henrico 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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93