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MarketPlace Development Acquires Retail Building In Ashland, VA From ARC CAFEUSA001, LLC For $1.05M

Property Image
SOLD
$1,050,000
Connie Jordan Nielsen
Alicia Brown

Virginia

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Retail3,522 SF
Sold 01/01/2024
the dealplayerscompscontact
Property Image
SOLD

MarketPlace Development Acquires Retail Building In Ashland, VA From ARC CAFEUSA001, LLC For $1.05M

709 England Street

See Similar Deals
Retail3,522 SF
Sold 01/01/2024
Connie Jordan Nielsen
Alicia Brown
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$298
Total Square Footage:3,522 SF
Transaction Type:Sale

MarketPlace Development has acquired a 3,522-square-foot retail building located at 709 England Street in Ashland, Virginia. The property was sold by ARC CAFEUSA001, LLC for a total of $1,050,000. The sale price amounts to approximately $298 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,050,000
  • Square Footage: 3,522
  • Address: 709 England Street, Ashland, VA
  • Market: Ashland, VA

The deal was facilitated by Alicia Brown and Connie Jordan Nielsen of Cushman & Wakefield, representing both the buyer, MarketPlace Development, and the seller, ARC CAFEUSA001, LLC.

MarketPlace Development purchased the retail building as an investment opportunity in Ashland, Virginia.

Players

Connie Jordan Nielsen
Cushman & Wakefield
Connie Jordan Nielsen
4 deals$14.4M volume
BROKER
Alicia Brown
Cushman & Wakefield
Alicia Brown
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Alicia Brown & Connie Jordan Nielsen DATE: 01/01/2024 ADDRESS: 709 England Street MARKET: Ashland, VA ASSET TYPE: Retail BUYER: MarketPlace Development SELLER: ARC CAFEUSA001, LLC BROKERS: Alicia Brown & Connie Jordan Nielsen - Cushman & Wakefield SALE PRICE: $1,050,000 SF: 3,522 ~ PPSF: $298 NOTE: MarketPlace Development has acquired a 3,522-square-foot retail building at 709 England Street in Ashland, Virginia, from ARC CAFEUSA001, LLC for $1,050,000 as an investment.

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

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43