SRS Real Estate Partners Brokers $49M Sale Of Retail Property In Gloucester, VA
7465 Hargett Boulevard, Gloucester, Virginia 23061, United States
$49,000,000
$942,307/SF
Building Size
52 SF
Asset Type
Retail
Closing
Jan 25, 2023
About this deal
AI
The retail property located at 7465 Hargett Blvd in Gloucester, VA has been sold in a recent transaction. The property spans across 6.5 acres and features a total area of 52,164 square feet. The sale price for this transaction was $49,000,000, resulting in a price per square foot of $939.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $49,000,000
- Address: 7465 Hargett Blvd, Gloucester, VA
- Market: Gloucester, VA
- Size: 6.5 acres
The deal for this retail property was facilitated by Ed Laycox, a representative from SRS Real Estate Partners.
Players
Gloucester 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93