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1215 Seminole Trail

Marcus & Millichap Announces $10.225M Sale Of Wawa Property In Charlottesville, VA
SOLDCommercial

Marcus & Millichap Announces $10.225M Sale Of Wawa Property In Charlottesville, VA

1215 Seminole Trail

$10,225,000

Building Size

Asset Type

Commercial

Closing

Feb 5, 2024

AI

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:

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.

Players

Dean Zang

Institutional Property Advisors

Broker

$197.7M

vol

19 deals

Broker

Charlottesville Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.55%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93