Joe Betesh, Danny Betesh, Eli M. Dweck & Hymie Mishan Buy Retail Property In Richmond For $4.2M
8006 Buford Court
$4,200,000
$98/SF
Building Size
42,800 SF
Asset Type
Retail
Closing
Feb 6, 2025
AI
The property involved in this sale is located at 8006 Buford Court in Richmond, VA. This retail asset has a total square footage of 42,800 and was sold for $4,200,000, resulting in a price per square foot of $98.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Buyers: Joe Betesh, Danny Betesh, Eli M. Dweck & Hymie Mishan - Premier Centers
- Seller: Equity Venture Partners
- Broker: Thompson Brown - Berkeley Capital Advisors
The buyers, Joe Betesh, Danny Betesh, Eli M. Dweck, and Hymie Mishan, are representatives of Premier Centers, which is focused on acquiring open-air shopping centers. They have requested potential deals to be sent to [email protected].
North Chesterfield 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93