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
Williamsburg 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93