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9117 Staples Mill Road

Stavins & Axelrod Sells Retail Property At 9117 Staples Mill Road Henrico For $10 Million
SOLDRetail

Stavins & Axelrod Sells Retail Property At 9117 Staples Mill Road Henrico For $10 Million

9117 Staples Mill Road

$10,000,000

Building Size

Asset Type

Retail

Closing

Jun 6, 2025

AI

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:

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.

Players

Catharine Spangler

Cushman & Wakefield

Broker

$220M

vol

20 deals

Broker

Henrico 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93