Hasmukh Shah Of Shah Family Holdings Acquires Retail Property In Charlottesville For $4.25M
683 Thomas Jefferson Parkway
$4,250,000
$193/SF
Building Size
22,000 SF
Asset Type
Retail
Closing
Jul 15, 2026
About this deal
AI
A retail asset located at 683 Thomas Jefferson Parkway in Charlottesville, VA was sold for $4,250,000. The property encompasses 22,000 square feet, resulting in a price per square foot of $193.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,250,000
- Address: 683 Thomas Jefferson Parkway
- Market: Charlottesville, VA
- Square Footage: 22,000
- Price per Square Foot: $193
- Buyer: Hasmukh Shah - Shah Family Holdings
- Seller: Greg MacDonald - MacDonald Family
- Brokers: Sam Orr & Brian Thomas - MacKenzie Commercial Real Estate Services
The historic property, Michie Tavern, dating back to 1784, was acquired by Shah Family Holdings with the assistance of brokers Sam Orr and Brian Thomas from MacKenzie Commercial Real Estate Services, highlighting the role of these individuals in facilitating the transaction.
Players
Union 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93