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Ewell Road Investment Associates Acquires Industrial Property In Williamsburg, VA For $1.35M
SOLD
$1,350,000
Virginia
See Similar DealsIndustrial40,000 SF
Sold 03/07/2024
SOLD
Ewell Road Investment Associates Acquires Industrial Property In Williamsburg, VA For $1.35M
313 Ewell Road & 315 Ewell Road
See Similar DealsIndustrial40,000 SF
Sold 03/07/2024
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$33
Total Square Footage:40,000 SF
Transaction Type:Sale
The property at 313-315 Ewell Road in Williamsburg, Virginia, was sold for $1,350,000. The industrial asset spans 20,000 square feet on 2.0 acres, with a price per square foot of $68.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,350,000
- Address: 313-315 Ewell Road
- Market: Williamsburg, VA
- Buyer: Ewell Road Investment Associates
- Seller: Ideal Property Investments, LLC
- Brokers: Clark Simpson & Erik Conradi - Cushman & Wakefield
Cushman & Wakefield | Thalhimer’s Capital Markets Group facilitated the sale, with Thalhimer’s Capital Markets representing the buyer, Ewell Road Investment Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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