New Development - Medical/Office near UVA just off Ivy Rd

Office for Lease
Catylist Listing ID: 30441622
Property Subtypes: Institutional, Medical, Office Building
Building Status: Proposed
Contiguous Space: 3,873 - 11,621 SF
Building Size (RSF): 11,621 SF
Gross Building Area: See Agent
Gross Land Area: 1.13 SF
Lease Rate: $25 PSF (Annual)
Base Monthly Rent: $8,068 - 24,210
Lease Types: NNN
Class of Space: Class A
Last Updated: 7/15/2019

Overview / Comments

Turner Enterprises will build a Class A Medical Office Building with classic UVA inspired architecture. Nestled between Ivy and UVA, just minutes from campus and I-64/250 Bypass, this wonderful location is a perfect choice for complimentary medical services in an underserved part of Charlottesville. Planned early 2020 construction with first quarter 2021 delivery. Endcap unit of 3,873 SF, with plenty of natural light. Larger unit could be demised into two approx. 3,700 SF units, or delivered as a 7,374 SF space. Looking to sign leases in summer 2019 in order to prepare for groundbreaking and finalize all construction plans with Tenants in place. Wonderful opportunity for 2-3 medical practitioners in town. Landlord would consider traditional office users as well.

Expand All Available Space

Suite: A/B 11,621 SF $25 PSF (Annual) NNN
Space Available: 11,621 SF
Minimum Divisible: 3,873 SF
Lease Rate: $25 PSF (Annual)
$8,068 - 24,210 (Monthly)
Lease Type: NNN
Space Description: To be developed building by Turner Enterprises, a development firm with 30 years of experience in the Central Virginia region. This Class A medical building will feature minimum suite size of approx. 3,600 SF up to the entire building of 11,621 SF. Proposed with a first quarter 2021 delivery, Landlord will deliver as a dark shell with $50 SF in Tenant Improvement Allowance for a 5 plus year deal (prefer 7-10 year lease). Classic Central Virginia Architecture to be used, with an abundance of natural light, and parking. Seeking medical use(s) tenant(s), but will consider all office users.
Space Subcategory: Medical, Office Building
Date Available: 2/1/2021
Lease Term: 60 Months
Space Type: New
CAM Expenses $3.50 PSF (Annual)
Rent Escalators Step-Up Lease
Rent Escalators Description 3%
Tenant Improvements Allowance $50

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Tax ID/APN: 478344903606
Property Located Between: Just off Ivy Rd behind the Shell Station on Colonnade Drive; less than a 1/2 mile from UVA area property
Property Visibility: Good
Highway Access: Exit I-64 at 118, take 250 bypass east and exit onto Ivy Rd, turn right and Colonnade Dr will be on your right approx 1/2 mile from the bypass
Airports: CHO
Site Description: Raw land to be developed for new office building. Mostly open and flat with stream running at far back lot line.
Area Description: Absolutely one of the best areas in Charlottesville/Albemarle. Just west of the University of Virginia, close to I-64, gateway to affluent Ivy and Crozet areas. Only minutes from Rte 29N and Downtown Charlottesville. Close to UVA Hospital.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 11,621 SF
Year Built: 2020
Construction/Siding: Brick
Exterior Description: Classic UVA/Charlottesville architecture designs.
Parking Type: Surface
Zoning Description: Highway Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Parcel IDs: 06000-00-00-040C2 and 040C3 combine for total 1.13 acres

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,139 71,903 93,960
Median Age: 22.23 31.82 33.9
Households: 3,340 27,909 37,096


Photograph of Listing Agent

Leigh Hughes

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