Property Details

Union Bank & Trust

Fredericksburg, VA
Property ID: 6257

Financial Summary

Asking Price $3,261,739
Cap Rate 5.75%
Net Operating Income (NOI) $187,550
Lease Type Ground Lease, NNN
Lease Term Remaining 11 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Jeff Bogart
Director
703.596.5602
Jonathan W. Hipp
President & CEO
703.787.4725

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Highlights

  • This location has a retail bank branch on the first floor and the bank’s corporate compliance office occupies the second floor
  • Union Bank & Trust is the largest community bank in Virginia with $11.9B in assets
  • With the acquisition of Xenith Bank, Union Bank & Trust has acquired 42 new branch locations with expansion into North Carolina and Maryland
  • Seller has updated third party reports

Location

10131 Jefferson Davis Highway
Fredericksburg, VA

Leigh ClineUnion Bank & Trust