285 Hydraulic Ridge Rd - Medical FOR SALE


Charlottesville, VA 22901
$2,100,000 USD
434-284-4011
285 Hydraulic Ridge Rd, Charlottesville, VA for Sale
$2,100,000 USD
Medical - FOR SALE
1/11
null | 7.9% Cap Rate

285 Hydraulic Ridge Rd
Charlottesville, VA 22901


HIGHLIGHTS

  • Stabilized Investment opportunity strategically located at a prominent corner intersection across from Albemarle High School.
  • 100% leased to strong mix of local and national credit tenants
  • Renovations were performed by reputable local firms with architecture by Design Develop and construction by Lee Construction Group
  • Currently improved with a one-story commercial hybrid office / medical / flex building consisting of 9,641 RSF
  • Opportunity to capitalize on solid appreciation in the Charlottesville commercial market
  • Strong rent growth with annual contract rental escalations for all Tenants

OVERVIEW

Colliers, as exclusive agent, is pleased to present the opportunity to purchase Plaza 285 (“the Property”), a fully leased three tenant commercial building including medical, office and lab/flex space located in the highly desirable market of Charlottesville, VA. The renovated and attractive Class A asset is prominently positioned at the corner of Hydraulic and Whitewood Roads, across from Albemarle High School, seen by nearly 40,000 vehicles per day. Additionally, the property features convenient on-site parking with approximately 42 spaces, enhancing accessibility. The diverse tenant mix within a high-quality asset, strategic location in a sought after market, and stable cash flow with potential for long-term growth, make Plaza 285 an excellent investment opportunity.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza 285

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

C-1

APN/PARCEL ID

06100-00-00-02500

ASK ABOUT THIS PROPERTY

Carolyn ShearsColliers | VirginiaMore Info
434-284-4011

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Carolyn ShearsColliers | VirginiaMore Info
434-284-4011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.