DaVinci Center office park

Office for Sale
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30195870
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Mixed Use, Office Building
Building Size (RSF): 11,911 SF
Gross Land Area: 0.57 Acres
Sale Price: $3,250,000
Unit Price: $272.86 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: DaVinci Center
Class of Space: Class A
Usable Size (USF): 7,329 SF
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 2/8/2020

Overview / Comments

Great North Downtown Multi-tenant Property.
Priced at a 6 cap rate with development possibilities.
Make a 6 cap return while planning a North Downtown Development project
OCCUPIED BY: Multiple Tenants.
DIRECTIONS: No showings without notice. Listing agent must be present
PROPERTY ON GROUND LEASE: No

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville
Tax ID/APN: 530276000
Zoning: DN NORTH DOWNTOWN CORRIDOR MIXED USE
Property Located Between: 10th and Jefferson
Property Visibility: Excellent
Highway Access: Easy access to 64 and 29 corridor
Airports: CHO
Site Description: Three buildings. 100% full. 7329 sq. ft. free standing building medical use. 4582 sq. ft. occupied by two long term tenants
Area Description: Right in the heart of North Downtown Charlottesville.
Total Number of Buildings: 3
Number of Stories: 3
Typical SF / Floor: 2,000 SF
Year Built: 1914
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Three buildings variety of Brick and siding
Parking Type: Surface
Parking Description: Surface lot with 25 spaces
Total Parking Spaces: 26
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: Various office and flex space Owner Occupied opportunity with added income......
Zoning Description: 4.0 Commercial & Industrial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOT,PAR X,LOTS 1,2&3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,578 75,693 88,263
Median Age: 35.38 32.05 33.52
Households: 5,837 29,927 35,026

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