Avison Young’s U.S. Capital Markets Group, retained as the exclusive advisor to the Owner, is pleased to present the opportunity to acquire UVA Health Medical Park Riverside (the “Property”), a four-building medical outpatient campus totaling approximately 111,315 square feet located in Charlottesville, Virginia. Positioned along Seminole Trail (US-29), the primary commercial corridor serving Charlottesville and Albemarle County, with traffic counts exceeding 40,000 vehicles per day, the Property benefits from exceptional visibility and direct access within an established and growing healthcare and commercial corridor.
UVA Health and affiliated entities occupy approximately 71% of the Property’s total square footage and generate approximately 82% of the Property’s income, much of which is supported by a 20-year lease with the Commonwealth of Virginia (AAA/Aaa).
UVA Health Medical Park Riverside represents a core medical office investment, providing long-term stable income from a AAAcredit tenant, contractual rent growth, and meaningful upside through the potential transition to 100% UVA tenancy, all at a basis significantly below replacement cost.