Office Medical
Ladysmith Professional Center
8051 Prosperity Way, Ruther Glen, VA 22546
Listing Price: $3,150,000
Investment Overview
Marcus & Millichap is pleased to present the Offering Memorandum for 8051 Prosperity Way, located in Ruther Glen, Virginia. This 17,600-square-foot, fully leased office property delivers stable cash flow from two long-term tenants and is strategically positioned in a growing submarket. The first floor is occupied by MEDICORP, the real estate arm of Mary Washington Healthcare, which began its tenancy in 2021. Founded in 1899, Mary Washington Healthcare has evolved into a non-profit regional health system that includes two hospitals with a combined 571 beds, three emergency departments, and more than 50 healthcare and wellness facilities. The organization is dedicated to improving the health and well-being of the communities it serves.
The second floor is leased to Health Connect America, which has operated at this location since 2020. Serving five southeastern states, Health Connect America delivers comprehensive mental and behavioral health services to children, families, and adults. KEYS Academy, acquired by HCA in 2014, functions as an affiliated private, coeducational day school licensed by the Commonwealth of Virginia. It serves K–12 students with special education needs, including classifications such as Emotional Disabilities (ED), Autism, Other Health Impairments (OHI), and Specific Learning Disabilities (SLD). KEYS Academy currently operates schools in Culpeper, Charlottesville, Augusta, and Caroline County, with one additional location in development.
The property is located in Ladysmith, a rapidly developing and underserved area within Caroline County, conveniently situated between the metropolitan hubs of Richmond and Fredericksburg. The surrounding retail and commercial activity further enhances the asset’s long-term value. With strong tenancy, contractual rent escalations, and enduring regional demand, 8051 Prosperity Way represents a compelling investment opportunity offering secure income and future growth potential.
Ladysmith Professional Center
Investment Highlights
- Ideally located off I-95 in Ladysmith, VA, the property lies between Richmond and Fredericksburg in a fast-growing corridor with 3,500+ homes planned and expanding employers like Amazon and McKesson
- The property is fully leased to Mary Washington Healthcare and Health Connect America (KEYS Academy), with rent escalations, renewal options, and essential services that ensure long-term stability
- The area benefits from major healthcare and government investment, including a $200M regional medical center and a $375M VA clinic, boosting long-term tenant demand
- This best-in-class office/medical building boasts prominent Route 1 frontage and is conveniently located near retail, dining, and essential services, enhancing its appeal to tenants and visitors
Exclusively Listed By
Financing By
Listing Price: $3,150,000
Investment Highlights
- Ideally located off I-95 in Ladysmith, VA, the property lies between Richmond and Fredericksburg in a fast-growing corridor with 3,500+ homes planned and expanding employers like Amazon and McKesson
- The property is fully leased to Mary Washington Healthcare and Health Connect America (KEYS Academy), with rent escalations, renewal options, and essential services that ensure long-term stability
- The area benefits from major healthcare and government investment, including a $200M regional medical center and a $375M VA clinic, boosting long-term tenant demand
- This best-in-class office/medical building boasts prominent Route 1 frontage and is conveniently located near retail, dining, and essential services, enhancing its appeal to tenants and visitors
Investment Overview
Marcus & Millichap is pleased to present the Offering Memorandum for 8051 Prosperity Way, located in Ruther Glen, Virginia. This 17,600-square-foot, fully leased office property delivers stable cash flow from two long-term tenants and is strategically positioned in a growing submarket. The first floor is occupied by MEDICORP, the real estate arm of Mary Washington Healthcare, which began its tenancy in 2021. Founded in 1899, Mary Washington Healthcare has evolved into a non-profit regional health system that includes two hospitals with a combined 571 beds, three emergency departments, and more than 50 healthcare and wellness facilities. The organization is dedicated to improving the health and well-being of the communities it serves. The second floor is leased to Health Connect America, which has operated at this location since 2020. Serving five southeastern states, Health Connect America delivers comprehensive mental and behavioral health services to children, families, and adults. KEYS Academy, acquired by HCA in 2014, functions as an affiliated private, coeducational day school licensed by the Commonwealth of Virginia. It serves K–12 students with special education needs, including classifications such as Emotional Disabilities (ED), Autism, Other Health Impairments (OHI), and Specific Learning Disabilities (SLD). KEYS Academy currently operates schools in Culpeper, Charlottesville, Augusta, and Caroline County, with one additional location in development. The property is located in Ladysmith, a rapidly developing and underserved area within Caroline County, conveniently situated between the metropolitan hubs of Richmond and Fredericksburg. The surrounding retail and commercial activity further enhances the asset’s long-term value. With strong tenancy, contractual rent escalations, and enduring regional demand, 8051 Prosperity Way represents a compelling investment opportunity offering secure income and future growth potential.
Exclusively Listed By
Financing By
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