facebook

traded

+ Submit
Home

/

Deals

/

Virginia

/

Commercial

/

Sale

/

494 Mclaws Circle

Cushman & Wakefield | Thalhimer Facilitates $1.4M Sale Of 2.75-Acre Property In Williamsburg, VA, With Clark Simpson & Erik Conradi Representing Both Parties
SOLDCommercial

Cushman & Wakefield | Thalhimer Facilitates $1.4M Sale Of 2.75-Acre Property In Williamsburg, VA, With Clark Simpson & Erik Conradi Representing Both Parties

494 Mclaws Circle

$1,400,000

Building Size

Asset Type

Commercial

Closing

Sep 7, 2023

AI

A 2.75-acre income-producing commercial property located at 494 McLaws Circle in Williamsburg, Virginia has been sold for $1.4 million. The sale was finalized by Cushman & Wakefield | Thalhimer's Capital Markets Group, with Clark Simpson and Erik Conradi acting as the brokers. The property is situated in the market of Williamsburg, VA.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $1,400,000
  • Address: 494 McLaws Circle
  • Market: Williamsburg, VA
  • Acres: 2.75

Cushman & Wakefield | Thalhimer's Capital Markets Group represented both the seller, Whaling Company, LLC, and the buyer, 494WC, LLC, in the transaction. Clark Simpson and Erik Conradi from Cushman & Wakefield oversaw the sale of the property.

Players

Clark Simpson

Cushman & Wakefield

Broker

$87.8M

vol

16 deals

Broker

Williamsburg 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93