The property benefits from a shortage of available space in nearby Charlottesville and a very attractive rent structure in comparison. Rising rents, falling vacancies and a cost well below replacement value make this offering an attractive property for an active investor looking to add value.
The Mill at South River includes approximately 450,000 square feet of buildings on over 37 acres with easy access to Interstates 64 and 81. Current occupancy is 55% and the property has an excellent history of rising occupancy and rents over the last 5 years.