401 Main St 7 Charlottesville, VA 22902-5235

This exceptional investment opportunity presents a 86,152 square foot telecom/data center located at 401-419 W Main St, Charlottesville, VA 22903. The property, situated on 1.1 acres, boasts a 100% occupancy rate with a single tenant, Brightspeed, a subsidiary of Apollo Global Management, under a 20-year absolute net sale-leaseback agreement. The annual rent is $861,520, translating to a $10 per square foot rate and a compelling 5.75% capitalization rate. The asking price is $14,982,956, resulting in a price per square foot of $173.91. The building, designated as a historic landmark on the National Register of Historic Places, serves as a critical central office for Brightspeed's fiber network, having operated continuously for over 70 years. The property features 52 parking spaces and is zoned CX-5. Its prime location on West Main Street connects Charlottesville's Downtown Mall and the University of Virginia, benefiting from a highly educated workforce and a thriving local economy. The sale includes rent bumps. This is a rare opportunity to acquire a mission-critical asset in a desirable location with a strong, long-term tenant. The Charlottesville MSA boasts a population exceeding 225,000 residents and a robust economy fueled by the University of Virginia and a growing defense industry.