MarketPlace Development Acquires Retail Building In Ashland, VA From ARC CAFEUSA001, LLC For $1.05M
709 England Street
$1,050,000
$298/SF
Building Size
3,522 SF
Asset Type
Retail
Closing
Jan 1, 2024
About this deal
AI
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.
On the Map
$1,050,000
$298/SF
Retail
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Players
Ashland 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93