Robbins 9, LLC Sells Piney Forest Commons Retail Center In Danville For $2M
441 Piney Forest Road
$2,000,000
$61/SF
Building Size
32,408 SF
Asset Type
Retail
Closing
Feb 29, 2024
AI
A 32,408-square-foot multi-tenant retail center located at 441 Piney Forest Road in Danville, VA, was recently sold for $2,000,000. The property known as Piney Forest Commons was the asset type in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Address: 441 Piney Forest Road
- Market: Danville, VA
- SF: 32,408
- Price Per Square Foot: $62
- Seller: Robbins 9, LLC
- Brokers: Bo McKown & Clay Taylor - Cushman & Wakefield
The sale of Piney Forest Commons was facilitated with representation from Cushman & Wakefield | Thalhimer’s Capital Markets Group. Bo McKown and Clay Taylor from Cushman & Wakefield were the brokers overseeing this transaction, ensuring a successful deal for all parties involved.
Players
Danville 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93