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:
- 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.
Players
Charlottesville Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
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