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Building 1 8051 Prosperity Way 16,800 SF 100% Leased Office Building Ruther Glen, VA 22546 $3,150,000 ($187.50/SF) 8.15% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime I-95 location between Richmond and Fredericksburg in a high-growth corridor with 3,500+ homes planned and major employers nearby.
- Strong demand fundamentals driven by $575M+ in regional healthcare and government investment.
- 100% leased medical/office asset to Mary Washington Healthcare and Health Connect America (KEYS Academy), providing stable, essential-service tenancy.
- High-visibility Route 1 frontage near retail, dining, and daily services.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the Offering Memorandum for 8051 Prosperity Way, a 16,800-square-foot, two-story, fully leased office/medical building located in Ruther Glen, Virginia. The property delivers stable cash flow from two long-term tenants with contractual rent escalations and is strategically positioned in the growing Ladysmith submarket between Richmond and Fredericksburg.
The first floor is leased to MEDICORP, the real estate arm of Mary Washington Healthcare, a nonprofit regional healthcare system founded in 1899. Mary Washington Healthcare operates two hospitals with a combined 571 beds, multiple emergency departments, and more than 50 healthcare and wellness facilities, providing strong credit characteristics and essential-service tenancy. The second floor is occupied by Health Connect America (KEYS Academy), a multi-state provider of behavioral and mental health services, including a licensed K–12 special education day school.
Located in an underserved and rapidly developing corridor, the property benefits from strong tenant demand, scheduled rent growth, and expanding regional investment—making 8051 Prosperity Way a compelling opportunity offering secure income and long-term growth potential.
The first floor is leased to MEDICORP, the real estate arm of Mary Washington Healthcare, a nonprofit regional healthcare system founded in 1899. Mary Washington Healthcare operates two hospitals with a combined 571 beds, multiple emergency departments, and more than 50 healthcare and wellness facilities, providing strong credit characteristics and essential-service tenancy. The second floor is occupied by Health Connect America (KEYS Academy), a multi-state provider of behavioral and mental health services, including a licensed K–12 special education day school.
Located in an underserved and rapidly developing corridor, the property benefits from strong tenant demand, scheduled rent growth, and expanding regional investment—making 8051 Prosperity Way a compelling opportunity offering secure income and long-term growth potential.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
16,800 SF
Building Class
B
Year Built
2008
Price
$3,150,000
Price Per SF
$187.50
Cap Rate
8.15%
NOI
$256,609
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,400 SF
Slab To Slab
11’
Building FAR
0.10
Lot Size
3.73 AC
Zoning
B1
Parking
150 Spaces (8.93 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 52D-2-15 | Improvements Assessment | $2,964,113 |
| Land Assessment | $440,300 | Total Assessment | $3,404,413 |
PROPERTY TAXES
Parcel Number
52D-2-15
Land Assessment
$440,300
Improvements Assessment
$2,964,113
Total Assessment
$3,404,413
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Building 1 | 8051 Prosperity Way
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