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438 Mc Laws Circle

The Arc Of Greater Williamsburg Purchases Office Building From NRK Properties For $1.8M In Williamsburg Virginia
SOLDOffice

The Arc Of Greater Williamsburg Purchases Office Building From NRK Properties For $1.8M In Williamsburg Virginia

438 Mc Laws Circle

$1,800,000

$180/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Dec 3, 2025

AI

The office asset at 438 Mc Laws Circle in Williamsburg, VA, is a 10,000 square foot building that has been sold for $1,800,000. The property is now owned by The Arc of Greater Williamsburg, which plans to occupy the space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,800,000
  • Address: 438 Mc Laws Circle
  • Market: Williamsburg, VA
  • Square Footage: 10,000
  • Price Per Square Foot: $180
  • Buyer: The Arc of Greater Williamsburg
  • Seller: NRK Properties, LLC
  • Broker Representatives: Andy Dallas, Robert Phillips, Jr & Dawn F. Griggs - Cushman & Wakefield

The transaction involved several key individuals in the brokerage, representing both the buyer and the seller. Andy Dallas, Robert Phillips, Jr, and Dawn F. Griggs played crucial roles as representatives for the deal, facilitating the sale between The Arc of Greater Williamsburg and NRK Properties, LLC.

Players

Dawn F. Griggs

Cushman & Wakefield

Broker

$10.8M

vol

4 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Williamsburg 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93