JCR Cos Acquires Property In Front Royal From Edens Inc For $17.7 Million
80 Riverton Commons Dr, Front Royal...
$17,700,000
$256/SF
Building Size
69,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property asset involved in the transaction is located at 80 Riverton Commons Dr, Front Royal. It was sold for a price of $17,700,000.00 and features a total square footage of 69,000. The market value pertains to Front Royal.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $17,700,000.00
- Address: 80 Riverton Commons Dr, Front Royal
- Market: Front Royal
- Buyer: JCR Cos
- Seller: Edens Inc
- Buyer's Representative: Drew Briscoe, Greg Friedman - JCR Cos
The deal showcases the involvement of JCR Cos as the buyer and Edens Inc as the seller, with Drew Briscoe and Greg Friedman representing the buyer in this transaction. This highlights the professional connections that facilitated the sale.
Players
Front Royal 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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93