Sunhe Property LLC Acquires Former Martin's Retail Space From Ukrop’s Super Markets For $2.87M
6401 Centralia Road
$2,866,000
$63/SF
Building Size
44,840 SF
Asset Type
Retail
Closing
Jun 9, 2025
AI
The property asset involved in the transaction is a retail space located at 6401 Centralia Road in Chesterfield, VA. This property encompasses 4.3 acres and has a total square footage of 44,840. The sale price for this asset was $2,866,000, translating to a price per square foot of $64.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,866,000
- Address: 6401 Centralia Road
- Market: Chesterfield, VA
- Acres: 4.3
- Square Footage: 44,840
- Price Per Square Foot: $64
- Buyer: Sunhe Property LLC
- Seller: Ukrop’s Super Markets, Inc
- Brokers: James Ashby IV & David Crawford - Cushman & Wakefield
Sunhe Property LLC acquired the property from Ukrop’s Super Markets, Inc, marking a significant transaction in the Chesterfield Meadows area. The transaction was facilitated by brokers James Ashby IV and David Crawford, both representing Cushman & Wakefield in this deal.
Players
Chesterfield 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
5.53%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93