Legacy Realty Group Advisors Brokers Sell Hopeman Shopping Center In Waynesboro For $3.9M
990 Hopeman Parkway
$3,900,000
$83/SF
Building Size
46,872 SF
Asset Type
Retail
Closing
May 8, 2024
AI
The Hopeman Shopping Center, a retail property located at 990 Hopeman Parkway in Waynesboro, VA, was recently sold for $3.9 million. The asset, comprising 46,872 square feet, was acquired at a price per square foot of $83.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Market: Waynesboro, VA
- Address: 990 Hopeman Parkway
The sale of the Hopeman Shopping Center was facilitated by Ari Warshaw and Jacob Baruch from Legacy Realty Group Advisors, demonstrating their expertise in the retail property market in Waynesboro.
Players
Waynesboro 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93