Skip to main content

Single-Tenant Office

Merrill Lynch Wealth Management

266 McLaws Cir, Williamsburg, VA 23185

Listing Price: $1,925,000

Cap Rate
7.46%
Tenant Name
Merrill lynch I Bank of America
Years Remaining On Lease
5.2
Gross SF
7,372
Guarantor
Corporate Guarantee
Rentable SF
7,372
Price/Gross SF
$261.12
Lease Type
Modified Gross
Rent Per Square Feet
$24.42

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of 266 Mclaws Circle, a premier single-tenant office investment located in the heart of Williamsburg, Virginia. This 7,372-square-foot property is fully leased to Merrill Lynch, a division of Bank of America and one of the most recognized names in global wealth management. Merrill Lynch has occupied the building since its original construction and recently signed a lease extension through August 31, 2030, demonstrating long-term commitment and
operational success at this location.

In 2020, Merrill Lynch personally funded a full renovation of their suite, reinforcing the strategic importance of the site to their regional operations. The lease is a modified gross structure, providing investors with reliable cash flow and limited landlord responsibilities.

Strategically located at the entrance to Kingsmill Resort, the property offers strong visibility to one of Williamsburg's most affluent communities. With a built-in high-net-worth client base, long-term tenancy, and national credit, this asset presents a rare turnkey investment opportunity in a resilient submarket-ideal for investors seeking stable income, passive ownership, and long-term portfolio
value.

Investment Highlights

  • Merrill Lynch (S&P: A+) - Credit-rated tenant backed by the Bank of America
  • Lease Structure: Modified Gross – Limited landlord responsibilities
  • 100% Leased - Single-tenant occupancy since original construction
  • Long-Term Tenancy - Nearly 25 years of continuous occupancy
  • Recent Lease Extension - 5+ Years of Term Remaining/ Lease Recently Renewed
  • Renewal Options - Includes Two (2) Five-Year Options to extend
  • Tenant-Funded Renovation - Full suite renovation completed in 2020 at tenant's expense
  • Premier Location - Situated at the entrance to Kingsmill Resort, serving a high-net-worth clientele

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) VA: 252904

    Virginia

Financing By

Single-Tenant Office

Merrill Lynch Wealth Management

Listing Price: $1,925,000

Cap Rate
7.46%
Tenant Name
Merrill lynch I Bank of America
Years Remaining On Lease
5.2
Gross SF
7,372
Guarantor
Corporate Guarantee
Rentable SF
7,372
Price/Gross SF
$261.12
Lease Type
Modified Gross
Rent Per Square Feet
$24.42

Investment Highlights

  • Merrill Lynch (S&P: A+) - Credit-rated tenant backed by the Bank of America
  • Lease Structure: Modified Gross – Limited landlord responsibilities
  • 100% Leased - Single-tenant occupancy since original construction
  • Long-Term Tenancy - Nearly 25 years of continuous occupancy
  • Recent Lease Extension - 5+ Years of Term Remaining/ Lease Recently Renewed
  • Renewal Options - Includes Two (2) Five-Year Options to extend
  • Tenant-Funded Renovation - Full suite renovation completed in 2020 at tenant's expense
  • Premier Location - Situated at the entrance to Kingsmill Resort, serving a high-net-worth clientele

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of 266 Mclaws Circle, a premier single-tenant office investment located in the heart of Williamsburg, Virginia. This 7,372-square-foot property is fully leased to Merrill Lynch, a division of Bank of America and one of the most recognized names in global wealth management. Merrill Lynch has occupied the building since its original construction and recently signed a lease extension through August 31, 2030, demonstrating long-term commitment and operational success at this location. In 2020, Merrill Lynch personally funded a full renovation of their suite, reinforcing the strategic importance of the site to their regional operations. The lease is a modified gross structure, providing investors with reliable cash flow and limited landlord responsibilities. Strategically located at the entrance to Kingsmill Resort, the property offers strong visibility to one of Williamsburg's most affluent communities. With a built-in high-net-worth client base, long-term tenancy, and national credit, this asset presents a rare turnkey investment opportunity in a resilient submarket-ideal for investors seeking stable income, passive ownership, and long-term portfolio value.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): VA: 252904

    Virginia

Financing By

MM Texture Background
MM Textured Background Lower