Cary Farm LLC Acquires 24,000 Square Foot Retail Building In North Chesterfield For $2.5M
8004 Midlothian Turnpike
$2,500,000
$104/SF
Building Size
24,000 SF
Asset Type
Retail
Closing
Sep 9, 2026
About this deal
AI
The property asset involved in the transaction is a retail building located at 8004 Midlothian Turnpike in North Chesterfield, VA. Cary Farm LLC purchased this 24,000-square-foot retail space for $2.5 million, translating to a price per square foot of $104.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Buyer: Cary Farm LLC
- Seller: SCG Surplus, LLC
- Sale Date: 09/09/2026
- Brokers: Alicia Brown, David Crawford, Craig Douglas & Danielle Beckstoffer - Cushman & Wakefield
The deal features Cary Farm LLC as an owner-occupant of the retail property. The transaction highlights the role of Cushman & Wakefield, represented by brokers Alicia Brown, David Crawford, Craig Douglas, and Danielle Beckstoffer in facilitating the sale.
Players
Turnpike 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93