The Criterion Fund Acquires Laburnum Park Shopping Center In Richmond For $9 Million
4320 South Laburnum Avenue, 4356 South Laburnum Avenue & 4396 South Laburnum Avenue
$9,000,000
$49/SF
Building Size
183,180 SF
Asset Type
Retail
Closing
May 28, 2025
AI
The property involved in this transaction is a retail asset known as Laburnum Park Shopping Center. It encompasses three addresses: 4320, 4356, and 4396 South Laburnum Avenue in Richmond, VA. The sale was finalized for a total price of $9,000,000, representing a price per square foot of $147 for a total square footage of 61,060.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,000,000
- Addresses: 4320, 4356 & 4396 South Laburnum Avenue
- Market: Richmond, VA
- Square Footage: 61,060
- Price Per Square Foot: $147
- Buyer: The Criterion Fund
- Broker: Benjamin Wilson - Greysteel
Benjamin Wilson represented Greysteel in arranging the transaction for the Laburnum Park Shopping Center. The buyer, The Criterion Fund, was involved in acquiring this property which reflects their investment strategy in retail assets.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93