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308 Wolfe Street

Updated Sep 23, 2026

ERA Anchor Properties Acquires Office Building In Fredericksburg For $1,850,000
SOLDOffice

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

Jamie A. Scully, CCIM

Cushman & Wakefield

Broker

$38.5M

vol

10 deals

Broker
ERA Anchor Properties
ERA Anchor PropertiesBuyer

Wolfe Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $302 per square foot on a published $1.9M for 6,112 square feet (2026).

Visit Jamie A. Scully, CCIM to view all their deals.

Browse Virginia office sales on Traded.

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

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