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Oyster Point Office Building Sells
Newport News, VA - November, 2009Thalhimer, a Member of the Cushman & Wakefield Alliance, is pleased to announce the sale of Mobjack Place, located at 705 Mobjack Place in Oyster Point Park, Newport News, Virginia.
M.G. Dunwoody LLC purchased the approx. 4,937 sq. ft. office building from Frederick Blake for $524,000 as an investment. MG Dunwoody LLC has leased the property to the professional offices of Kersey, Sealey, Clark & Associates, who plans to occupy on January 1, 2010.
Kenneth D. Penrose, Jr. of Thalhimer handled the sale negotiations.
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Thalhimer assisted a local investor to take an under-occupied 47-unit property and lease up to the market rate for the area while producing additional income for the owner.
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