Investment/Owner user
Office
for Sale
| Catylist Listing ID: |
30719911 |
| Property Subtypes: |
Executive Suites, Mixed Use, Office Building, Other
|
| Building Size (RSF): |
6,189 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,175,000 |
| Unit Price: |
$189.85 PSF |
| Ceiling: |
9 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Business |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/30/2022 |
Overview / Comments
|
This is an office building with garage/warehouse storage space in the lower level. 3,949 square feet of above grade office space and 2,240 square feet in the lower level which is comprised of some office and garage/warehouse space. Currently the property is 100% leased to four(4) separate tenants: Suite A leased to Qualified Staffing($1,700 per month); Suite B leased to Cornerstone($1,750 per month); Suite C($2,083 per month) & Garage D($350 per month) leased to Kamke CPA; Garage E leased to AHIP($250 per month).
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$7,724 (Annual) |
| Tax Value Land |
$424,100 |
| Tax Value Improvements |
$480,236 |
| Assessed Value - Total($) |
$904,336 (Annual) |
| Gross Operating Income |
$73,600 (Annual) |
| Actual or Proforma Year |
Actual |
| Lender Name |
N/A |
Current Tenants
| Tenant Business Name |
Qualified Staffing, Cornertstone, Kamke CPA, AHIP |
| Industry Type |
Professional/Scientific/Technical Services |
| Is Renting? |
Yes |
| Annual Revenue |
$73,600 (Annual) |
| SF of Space Occupied |
6,189 SF |
| Current Rent |
$12 PSF (Annual) |
Additional Details
| Nearest MSA: |
Charlottesville |
| County: |
Albemarle |
| Tax ID/APN: |
489072916651 |
| Property Located Between: |
West Rio Road and U.S. 29/Seminole Trail. Closest to U.S. 29/Seminole Trail intersection. |
| Property Visibility: |
Good |
| Highway Access: |
Berkmar Dr. intersects with U.S.29/Seminole Trail(.25 mile) as well as West Rio Road(.50 mile) |
| Airports: |
Charlottesville/Albemarle Airport(CHO): 6 miles. |
| Site Description: |
The site is approximately 0.44 acres and is mostly paved. It slopes from front to back(north to south). Very visible from Berkmar Dr. |
| Area Description: |
This site is located in a commercial district where the majority of the surrounding buildings are commercial in nature(office, retail, warehouse & flex buildings). Various structures are leased and some are owner occupied. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
2,000 SF |
| Year Built: |
1996 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
The site is mostly paved with on site parking. There is limited landscaping next to the building. |
| Parking Ratio: |
300 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
There are 20 on-site parking spaces. There is NO additional income from parking. |
| Total Parking Spaces: |
20 |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Other |
| Heat Source: |
Heat Pump |
| Air Conditioning: |
Other |
| Internet Access: |
Cable, DSL |
| Interior Description: |
Approximately 5,000 square feet of this property is dedicated to office space and approximately 1,000 square feet is dedicated for garage/warehouse storage. |
| Zoning Description: |
The current zoning is C1(Commercial). This site is also located in the area of Albemarle County that has been designated Neighborhood 1-Places 29/Small Area Plan. |
| Lot Frontage: |
100 |
| Lot Depth: |
250 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Electric Lines, Utilities |
| Land Ownership: |
Owned/fee simple |
| Legal Description: |
Berkmar-Lot 11
County Tax Map:061U0-01-00-01100 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,541 |
46,630 |
91,066 |
| Median Age: |
36 |
35.22 |
34.38 |
| Households: |
4,211 |
19,215 |
36,071 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Charlottesville Area Association of REALTORS nor
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