L&D Land Trust Acquires 3.5 Acre Retail Property In Zion Crossroads, Virginia For $4.9M
Freedom Drive & U.S. 15, Virginia, USA
$4,900,000
$475/SF
Building Size
10,296 SF
Asset Type
Retail
Closing
Nov 22, 2021
AI
The retail property located at Freedom Drive at Route 15 in Zion Crossroads, Virginia has been sold. The property spans across 3.5 acres and was acquired on 11/22/2021.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $4,900,000
- Square Footage: 10,296
- Price per Square Foot: $476
- Address: Freedom Drive at Route 15, Zion Crossroads, Virginia
- Market: Zion Crossroads, Virginia
The buyer of the property is L&D Land Trust, while the seller is Freedom Drive Shops LLC. The deal was facilitated by brokers Jenny Stoner, Catharine Spangler, and John Pritzlaff from Cushman & Wakefield | Thalhimer.
Players
Gordonsville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93