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

Property Image
SOLD
$1,400,000
Erik Conradi
Clark Simpson

Virginia

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Commercial
Sold 09/07/2023
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Property Image
SOLD

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

See Similar Deals
Commercial
Sold 09/07/2023
Erik Conradi
Clark Simpson
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Commercial
Transaction Type:Sale

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
Clark Simpson
16 deals$87.8M volume
BROKER
Erik Conradi
Cushman & Wakefield
Erik Conradi
13 deals$73.3M volume
BROKER

Details

SOLD
IMAGE: Clark Simpson & Erik Conradi DATE: 09/07/2023 ADDRESS: 494 Mclaws Circle MARKET: Williamsburg, VA ASSET TYPE: Commercial ~ ACRES: 2.75 BUYER: 494WC, LLC SELLER: Whaling Company, LLC BROKERS: Clark Simpson & Erik Conradi - Cushman & Wakefield SALE PRICE: $1,400,000 NOTE: Cushman & Wakefield | Thalhimer's Capital Markets Group has finalized the sale of a 2.75-acre income-producing property at 494 McLaws Circle in Williamsburg, Virginia, for $1.4 million. Thalhimer's Capital Markets represented both the seller, Whaling Company, LLC, and the buyer, 494WC, LLC, in the transaction, with Clark Simpson and Erik Conradi overseeing the sale.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57