Ewell Road Investment Associates Acquires Industrial Property In Williamsburg, VA For $1.35M
313 Ewell Road & 315 Ewell Road
$1,350,000
$33/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Mar 7, 2024
AI
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.
Players
Williamsburg Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93