Frank Root Acquires 5.5 Acre School Property In Verona, VA For $3.4M
113 Mill Place Parkway Verona, Virginia 24482, USA
$3,400,000
Building Size
—
Asset Type
School
Closing
Jul 26, 2023
About this deal
AI
The property involved in the transaction is a school located at 113 Mill Place Parkway in Verona, VA. The school sits on a 5.5-acre lot. The sale took place on July 26, 2023, with a transaction amount of $3,400,000. The buyer of the property is Frank Root, while the seller is Nexus Services Inc.
Summary of transation details
- Property Type: School
- Transaction Amount: $3,400,000
- Address: 113 Mill Place Parkway
- Market: Verona, VA
- Acres: 5.5
- Buyer: Frank Root
- Seller: Nexus Services Inc
JPMorgan Real Estate Income Trust Inc. is not involved in this transaction as mentioned in the provided note. Hence, there are no additional details about this entity to mention in this article.
Players
Verona School Market Snapshot
Boundary boundary · School · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93