Office

Busch Corporate Center - Quarterland

457 McLaws Cir, Williamsburg, VA 23185

Listing Price: $1,200,000

Cap Rate
11.54%
Gross SF
7,996
Rentable SF
7,996
Price/Gross SF
$150.08
Lot Size
2.94 acres
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to present for sale a premier 7,996 square foot medical office building with an exceptional floor plan located in Williamsburg, Virginia. This Class B, 3-star property sits on 2.94 acres, M1 Limited zoning, and is beautifully landscaped with a beautiful brick exterior and ample parking with 16 free surface spaces available (2.27/1,000 SF). The subject property was constructed as a medical office space in 2001, and is currently being operated as such with a medical tenant with the
current lease set to expire January 2021.

This is a great property for an investor or medical office owner/user in a very sought after office park in Williamsburg, VA. Williamsburg is a key location in central/southern Virginia sitting less than an hour from both Richmond, Norfolk and Virginia Beach, making this an increasingly desirable market for those looking towards less populated areas. This market continues to see year over year growth in market rents and market sales prices per square foot with continued forecasted increases for years to come.

Strategically located with easy access to I-64 in the Williamsburg/James City County area, the subject property is situated just off the intersection of Humelsine Pkwy and Pocahontas Trail and is located in the Busch Corporate Center-Quarterland. Convenient to the College of William & Mary, Busch Gardens and Colonial Williamsburg, there are many hotels, dining and entertainment options within close proximity.

Investment Highlights

  • Excellent Medical Office Opportunity
  • Ideal for Adult Day Care, Medical Clinic and/or Emergency Care, Veterinary Hospital
  • Business and Professional Offices Opportunity
  • Data Processing Center, Research and/or Development Lab, Industrial or Tech Training
  • Multiple Entrances and Bathroom Facilities - Excellent Potential for Redesign
  • Ability to Divide into Separate Office Condo Units (up to 4 total) for Multi-Tenant

Exclusively Listed By

Office

Busch Corporate Center - Quarterland

Listing Price: $1,200,000

Cap Rate
11.54%
Gross SF
7,996
Rentable SF
7,996
Price/Gross SF
$150.08
Lot Size
2.94 acres
Year Built
2001

Investment Highlights

  • Excellent Medical Office Opportunity
  • Ideal for Adult Day Care, Medical Clinic and/or Emergency Care, Veterinary Hospital
  • Business and Professional Offices Opportunity
  • Data Processing Center, Research and/or Development Lab, Industrial or Tech Training
  • Multiple Entrances and Bathroom Facilities - Excellent Potential for Redesign
  • Ability to Divide into Separate Office Condo Units (up to 4 total) for Multi-Tenant

Investment Overview

Marcus & Millichap is pleased to present for sale a premier 7,996 square foot medical office building with an exceptional floor plan located in Williamsburg, Virginia. This Class B, 3-star property sits on 2.94 acres, M1 Limited zoning, and is beautifully landscaped with a beautiful brick exterior and ample parking with 16 free surface spaces available (2.27/1,000 SF). The subject property was constructed as a medical office space in 2001, and is currently being operated as such with a medical tenant with the
current lease set to expire January 2021.

This is a great property for an investor or medical office owner/user in a very sought after office park in Williamsburg, VA. Williamsburg is a key location in central/southern Virginia sitting less than an hour from both Richmond, Norfolk and Virginia Beach, making this an increasingly desirable market for those looking towards less populated areas. This market continues to see year over year growth in market rents and market sales prices per square foot with continued forecasted increases for years to come.

Strategically located with easy access to I-64 in the Williamsburg/James City County area, the subject property is situated just off the intersection of Humelsine Pkwy and Pocahontas Trail and is located in the Busch Corporate Center-Quarterland. Convenient to the College of William & Mary, Busch Gardens and Colonial Williamsburg, there are many hotels, dining and entertainment options within close proximity.

Exclusively Listed By

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