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Stavins & Axelrod Sells Retail Property At 9117 Staples Mill Road Henrico For $10 Million
SOLD
$10,000,000
Virginia
See Similar DealsRetail
Sold 06/06/2025
SOLD
Stavins & Axelrod Sells Retail Property At 9117 Staples Mill Road Henrico For $10 Million
9117 Staples Mill Road
See Similar DealsRetail
Sold 06/06/2025
Summary
VIRGINIA
Asset Type:Retail
Transaction Type:Sale
A retail property located at 9117 Staples Mill Road in Henrico, VA, was sold for $10 million. The property encompasses a total area of 70,147 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Seller: Stavins & Axelrod
- Broker Representatives: Annie O’Connor, Catharine Spangler & Richard Thalhimer - Cushman & Wakefield
- Market: Henrico, VA
The transaction was facilitated by a team from Cushman & Wakefield | Thalhimer, which included Catharine Spangler, Richard Thalhimer, and Annie O’Connor, who represented the sellers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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