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123 Bulifants Blvd 5,130 SF 100% Leased Office Building Williamsburg, VA 23188 $1,948,118 CAD ($379.75 CAD/SF) 7.30% Cap Rate



Investment Highlights
- Attractive interior featuring wood flooring, crown molding, and upgraded finishes throughout.
- Located within Michael Commons, one of Williamsburg’s recognized professional office developments.
- Ample on-site surface parking supporting staff and client convenience.
- Functional floor plan provides ample natural light and efficient space utilization.
- Excellent access to I-64, Route 199, and U.S. Route 60 for regional connectivity.
- Surrounded by retail, dining, and lodging options within minutes of the property.
Executive Summary
Investment Offering – Fully Leased Office Building in Michael Commons
123 Bulifants Blvd presents the opportunity to acquire a fully leased, income-producing office asset in the well-established Michael Commons office park in Williamsburg, Virginia. The property consists of approximately 5,000 square feet and is configured as a two-unit professional office building, currently 100% occupied by established tenants. The larger suite features a higher-end law office finish, while the second suite is configured for general office use, providing a strong mix of functionality and professional appeal.
The property generates annual income of $103,942.56, with tenants responsible for NNN expenses, offering investors a stable and efficient cash-flowing asset. Its layout, quality finishes, and tenant mix make it well positioned as a durable suburban office investment in one of Williamsburg’s most established professional corridors.
The property benefits from ample on-site parking, with 25 parking spaces available to serve the building. Located directly adjacent to Sentara Williamsburg Regional Medical Center and just off Route 199, the property also enjoys quick access to Interstate 64, nearby retail services, and surrounding professional users, providing strong regional connectivity in a highly desirable office and medical corridor.
123 Bulifants Blvd presents the opportunity to acquire a stabilized office investment with in-place income, efficient functionality, and lasting appeal in Williamsburg, a market that has historically been undervalued relative to its fundamentals.
123 Bulifants Blvd presents the opportunity to acquire a fully leased, income-producing office asset in the well-established Michael Commons office park in Williamsburg, Virginia. The property consists of approximately 5,000 square feet and is configured as a two-unit professional office building, currently 100% occupied by established tenants. The larger suite features a higher-end law office finish, while the second suite is configured for general office use, providing a strong mix of functionality and professional appeal.
The property generates annual income of $103,942.56, with tenants responsible for NNN expenses, offering investors a stable and efficient cash-flowing asset. Its layout, quality finishes, and tenant mix make it well positioned as a durable suburban office investment in one of Williamsburg’s most established professional corridors.
The property benefits from ample on-site parking, with 25 parking spaces available to serve the building. Located directly adjacent to Sentara Williamsburg Regional Medical Center and just off Route 199, the property also enjoys quick access to Interstate 64, nearby retail services, and surrounding professional users, providing strong regional connectivity in a highly desirable office and medical corridor.
123 Bulifants Blvd presents the opportunity to acquire a stabilized office investment with in-place income, efficient functionality, and lasting appeal in Williamsburg, a market that has historically been undervalued relative to its fundamentals.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,130 SF
Building Class
B
Year Built
2006
Price
$1,948,118 CAD
Price Per SF
$379.75 CAD
Cap Rate
7.30%
NOI
$142,178 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,130 SF
Building FAR
1.02
Lot Size
0.12 AC
Zoning
E-O
Parking
25 Spaces (4.87 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | C19C-0632-0513 | Improvements Assessment | $561,605 CAD |
| Land Assessment | $217,779 CAD | Total Assessment | $779,384 CAD |
Property Taxes
Parcel Number
C19C-0632-0513
Land Assessment
$217,779 CAD
Improvements Assessment
$561,605 CAD
Total Assessment
$779,384 CAD
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