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%.