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.
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