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Sunhe Property LLC Acquires Former Martin's Retail Space From Ukrop’s Super Markets For $2.87M

Property Image
SOLD
$2,866,000
David Crawford
James Ashby IV

Virginia

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Retail44,840 SF
Sold 06/09/2025
the dealplayerscompscontact
Property Image
SOLD

Sunhe Property LLC Acquires Former Martin's Retail Space From Ukrop’s Super Markets For $2.87M

6401 Centralia Road

See Similar Deals
Retail44,840 SF
Sold 06/09/2025
David Crawford
James Ashby IV
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$63
Total Square Footage:44,840 SF
Transaction Type:Sale

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

David Crawford
Cushman & Wakefield
David Crawford
3 deals$6.4M volume(804) 697-3446
BROKER
James Ashby IV
Cushman & Wakefield
James Ashby IV
5 deals$17.4M volume(804) 697-3455
BROKER

Details

SOLD
IMAGE: 06/09/2025 ADDRESS: 6401 Centralia Road MARKET: Chesterfield, VA ASSET TYPE: Retail ~ ACRES: 4.3 BUYER: Sunhe Property LLC SELLER: Ukrop’s Super Markets, Inc BROKERS: James Ashby IV & David Crawford - Cushman & Wakefield SALE PRICE: $2,866,000 SF: 44,840 ~ PPSF: $64 NOTE: Sunhe Property LLC bought the 44,840-square-foot former Martin’s retail space at Chesterfield Meadows in Chesterfield County, Virginia, for $2.87 million from Ukrop’s Super Markets.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$152,853.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,182.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,586.30
Annual Debt Service$163,035.63