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The Criterion Fund Acquires Laburnum Park Shopping Center In Richmond For $9 Million

Property Image
SOLD
$9,000,000

Virginia

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Retail183,180 SF
Sold 05/28/2025
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail183,180 SF
Sold 05/28/2025
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$49
Total Square Footage:183,180 SF
Transaction Type:Sale

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

Benjamin Wilson
Greysteel
Benjamin Wilson
2 deals$12.3M volume(202) 499-4077
BROKER

Details

SOLD
IMAGE: 05/28/2025 ADDRESS: 4320, 4356 & 4396 South Laburnum Avenue MARKET: Richmond, VA ASSET TYPE: Retail BUYER: The Criterion Fund BROKER: Benjamin Wilson - Greysteel SALE PRICE: $9,000,000 SF: 61,060 ~ PPSF: $147 NOTE: Greysteel arranged the $9 million sale of Laburnum Park Shopping Center in Richmond, VA, located at 4320, 4356, and 4396 S Laburnum Avenue.

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Deal Type
Operating Income
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Net Operating Income (NOI)

$480,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
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