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266 McLaws Cir 7,372 SF Office Building Williamsburg, VA 23185 $2,582,452 CAD ($350.31 CAD/SF) 7.76% Cap Rate
INVESTMENT HIGHLIGHTS
- Merrill Lynch (S&P: A+) - Credit-rated tenant backed by Bank of America
- Long-Term Tenancy - Nearly 25 years of continuous occupancy
- Premier Location - Situated at the entrance to Kingsmill Resort, serving a high-net-worth clientele
- 100% Leased - Single-tenant occupancy since original construction
- Recent Lease Extension - 5+ Years of Term Remaining/ Lease Recently Renewed Includes Two (2) Five-Year Options to extend
- Tenant-Funded Renovation - Full suite renovation completed in 2020 at tenant's expense
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
7,372 SF
Building Class
B
Year Built/Renovated
2000/2020
Price
$2,582,452 CAD
Price Per SF
$350.31 CAD
Cap Rate
7.76%
NOI
$200,394 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,372 SF
Building FAR
0.22
Lot Size
0.76 AC
Zoning
General Business
AMENITIES
- Security System
- Reception
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Merrill, originally founded in 1914 by Charles E. Merrill and later joined by Edmund C. Lynch, is a wealth management division of Bank of America. Headquartered in New York City, Merrill provides investment advisory, brokerage, and financial planning services to individuals and institutions. The firm became part of Bank of America in 2009 following its acquisition during the financial crisis. Merrill operates under several platforms, including Merrill Lynch Wealth Management, Merrill Private Wealth Management, and Merrill Edge, offering solutions for retirement planning, portfolio management, and investment guidance. The company employs thousands of financial advisors across the United States and manages trillions in client assets. Merrill is privately held under Bank of America Corporation, which trades on the NYSE under the ticker BAC.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | G12B-3995-3270 | Total Assessment | $2,462,357 CAD |
| Land Assessment | $598,003 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,864,354 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
G12B-3995-3270
Land Assessment
$598,003 CAD
Improvements Assessment
$1,864,354 CAD
Total Assessment
$2,462,357 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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266 McLaws Cir
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