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Warehouse

313 Ewell Rd

313 Ewell Rd, Williamsburg, VA 23188

Listing Price: $1,630,000

Cap Rate
9.00%
Gross SF
18,662
Price/Gross SF
$87.34
Lot Size
201.00 acres
Year Built
2004
Rentable SF
18,662

Investment Overview

Marcus & Millichap is pleased to announce the fee-simple sale offering of 313-315 Ewell Rd, Williamsburg, VA, a multi-tenant two-building industrial assemblage. The property resides in the Ewell Industrial Park which resides as part of the Richmond MSA.

The two buildings combine for a total of 18,662 SF and are leased to a total of 3 tenants. 313 Ewell Rd is a 9,000 SF free standing building that is leased to Collision Correction who recently signed a new 5-year lease. 315 Ewell Rd is leased to two tenants; Williamsburg-James City County School Board who occupies units A, B & C and Carrick Contracting Corporation who occupies unit D. All three tenants are operating on Net lease structures.

The acquisition of this offering provides an investor with the opportunity to own a multi-tenant investment with passive net lease structures. At the current list price of $1,630,000 the investment generates an NOI of $146,747 which equates to a capitalization rate of 9.00%.

Investment Highlights

  • Stabilized multi-tenant industrial investment offering
  • High yield offering to generate double digit levered return
  • Passive lease structures | NNN leases
  • Attractive rental escalations | 3-5% annual
  • Anchor tenant signed new 5-year lease in Sept 2023
  • $120,000+ average household income within 5-mile radius

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Warehouse

313 Ewell Rd

Listing Price: $1,630,000

Cap Rate
9.00%
Gross SF
18,662
Price/Gross SF
$87.34
Lot Size
201.00 acres
Year Built
2004
Rentable SF
18,662

Investment Highlights

  • Stabilized multi-tenant industrial investment offering
  • High yield offering to generate double digit levered return
  • Passive lease structures | NNN leases
  • Attractive rental escalations | 3-5% annual
  • Anchor tenant signed new 5-year lease in Sept 2023
  • $120,000+ average household income within 5-mile radius

Investment Overview

Marcus & Millichap is pleased to announce the fee-simple sale offering of 313-315 Ewell Rd, Williamsburg, VA, a multi-tenant two-building industrial assemblage. The property resides in the Ewell Industrial Park which resides as part of the Richmond MSA. The two buildings combine for a total of 18,662 SF and are leased to a total of 3 tenants. 313 Ewell Rd is a 9,000 SF free standing building that is leased to Collision Correction who recently signed a new 5-year lease. 315 Ewell Rd is leased to two tenants; Williamsburg-James City County School Board who occupies units A, B & C and Carrick Contracting Corporation who occupies unit D. All three tenants are operating on Net lease structures. The acquisition of this offering provides an investor with the opportunity to own a multi-tenant investment with passive net lease structures. At the current list price of $1,630,000 the investment generates an NOI of $146,747 which equates to a capitalization rate of 9.00%.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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