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
About this deal
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.
On the Map
$1,800,000
$180/SF
Office
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Players
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