ERA Anchor Properties Acquires Office Building In Fredericksburg For $1,850,000
308 Wolfe Street
$1,850,000
$302/SF
Building Size
6,112 SF
Asset Type
Office
Closing
Sep 21, 2026
About this deal
AI
308 Wolfe Street in Fredericksburg, VA, is an office building that was sold for $1.85 million. The property spans 6,112 square feet, resulting in a price per square foot of $303.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,850,000
- Buyer: ERA Anchor Properties
- Seller: Patent Builders LLC
- Broker: Jamie A. Scully - Cushman & Wakefield
- Date of Sale: 09/21/2026
Jamie A. Scully from Cushman & Wakefield managed the negotiations for this transaction, representing Patent Builders LLC as the seller in the deal.
Players
Wolfe Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93