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Marcus & Millichap Announces $10.225M Sale Of Wawa Property In Charlottesville, VA
SOLD
$10,225,000
Virginia
See Similar DealsCommercial
Sold 02/05/2024
SOLD
Marcus & Millichap Announces $10.225M Sale Of Wawa Property In Charlottesville, VA
1215 Seminole Trail
See Similar DealsCommercial
Sold 02/05/2024
Summary
VIRGINIA
Asset Type:Commercial
Transaction Type:Sale
The net-leased Wawa property located at 1215 Seminole Trail in Charlottesville, VA, was sold for $10,225,000. This transaction marked only the second Wawa property to be sold for over $10 million in 2023.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $10,225,000
- Address: 1215 Seminole Trail
- Market: Charlottesville, VA
- Brokers: David Crotts & Dean Zang - Institutional Property Advisors
Marcus & Millichap facilitated the sale of the net-leased Wawa property, with David Crotts and Dean Zang from Institutional Property Advisors representing the deal. This significant transaction highlights the successful collaboration between the involved parties in the commercial real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$545,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,327.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,471.72
Annual Debt Service$581,660.60
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