Plaza 285 285 Hydraulic Ridge Rd

10,032 SF 100% Leased Office Building Charlottesville, VA 22901 $3,020,640 CAD ($301.10 CAD/SF) 7.90% Cap Rate

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,032 SF
Building Class
B
Year Built/Renovated
1988/2018
Price
$3,020,640 CAD
Price Per SF
$301.10 CAD
Cap Rate
7.90%
NOI
$238,631 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,032 SF
Building FAR
0.21
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
C-1
Parking
42 Spaces (4.19 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Hardiman Williams
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Hardiman Williams - - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

  • Listing ID: 35137814

  • Date on Market: 2025-03-14

  • Last Updated:

  • Address: 285 Hydraulic Ridge Rd, Charlottesville, VA 22901