Boulevard Crossing LLC Sells Retail Property In Yorktown, VA For $4.6M
SOLD
Virginia
See Similar DealsRetail12,600 SF
Sold 07/25/2022
SOLD
Boulevard Crossing LLC Sells Retail Property In Yorktown, VA For $4.6M
8135 George Washington Memorial Highway, Yorktown, Virginia 23692, United States
See Similar DealsRetail12,600 SF
Sold 07/25/2022
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$365
Total Square Footage:12,600 SF
Transaction Type:Sale
The retail property located at 8135 George Washington Memorial Hwy in Yorktown, VA has been sold. The property spans 12,600 square feet and was sold for a total price of $4,600,000, resulting in a price per square foot of $365.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,600,000
- Square Footage: 12,600
- Price per Square Foot: $365
- Address: 8135 George Washington Memorial Hwy, Yorktown, VA
- Market: Yorktown, VA
The seller of the property was Boulevard Crossing LLC. The deal was facilitated by Clark Simpson and Erik Conradi from Cushman & Wakefield.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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