5209 CENTER STREET

INVESTMENT SALE

5209 Center Street Williamsburg, Virginia

Property Features • Three office Condominiums totaling ±19,238 square feet within the WEG Building. • Built in 2006, the WEG Building is located on the corner of New Town Avenue and Center Street in the heart of the New Town “town center.” • New Town is a ± 365 acre mixed-use development centrally located at the intersection of Monticello Avenue and Route 199 in Williamsburg, Virginia.

Price Net Operating Income Cap Rate Single Tenant

$3,550,000 $307,000 8.6% Stantec Inc. 2% annually

Rent Increases Lease Expiration Renewal Options

January 31, 2024

Two 5-Year

Lease Type

Net of Utilities / Janitorial

• Direct access to I-64 via Route 199.

Robert J. Singley, Jr. CCIM

Commercial Real Estate Brokerage 423 N. Boundary Street, Suite 200 Williamsburg, VA 23185 www.rjsassocs.com

(757) 229-3139 Fax (757) 220-2475 rjsjr@rjsassocs.com

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