Fernau LeBlanc Investment Partners Sells Shoppes At Haymarket Retail Center For $11.375M In Virginia
6711 Lea Berry Way & 6749 Lea Berry Way
$11,375,000
$253/SF
Building Size
22,400 SF
Asset Type
Retail
Closing
Jul 24, 2025
About this deal
AI
The property asset involved in the transaction is a retail center located at 6711-6749 Lea Berry Way in Haymarket, VA. The property encompasses a total area of 22,400 square feet and was sold for $11,375,000, which translates to a price per square foot of $508. The retail space is fully leased, demonstrating long-term tenant stability, making it an attractive investment opportunity in the market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,375,000
- Address: 6711-6749 Lea Berry Way
- Market: Haymarket, VA
- Square Footage: 22,400
- Price per Square Foot: $508
- Seller: Fernau LeBlanc Investment Partners
- Broker: Christopher Burnham - KLNB
This transaction highlights the role of the broker, Christopher Burnham from KLNB, in facilitating the sale. KLNB successfully represented the seller, showcasing the firm’s capability in managing notable retail property deals. The sale underscores the ongoing interest from investors in well-positioned, multi-tenant suburban retail properties.
On the Map
$11,375,000
$253/SF
Retail
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Players
Haymarket 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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93