Hasty Lane Office Building & Development
Multi-Tenant Office/Flex Investment Opportunity with Future Development Potential
Marketing description
The Gaulden Group is pleased to present 10810 Hasty Lane, a multi-tenant office/flex investment opportunity located within the highly active Chesterfield County commercial corridor. The property is currently approximately 90% occupied and offers a combination of stabilized in-place income and long-term value-add potential through future lease restructuring, operational efficiencies, and additional development optionality.
The asset consists of a professionally maintained office/flex building with a diversified tenancy profile and functional layout supporting a variety of commercial and service-oriented users. A significant portion of the building was renovated between 2013 and 2018, including improvements to the roof, siding, windows, and interior systems, contributing to the property’s strong overall presentation and operational utility.
Current ownership has identified additional upside through future lease rollover and the implementation of expense recovery structures, as approximately 1,418 square feet of common area is not currently incorporated into tenant lease calculations. The property also benefits from an additional parcel area that may support future conceptual flex-oriented development configurations subject to municipal approvals.
Strategically positioned near Route 288 and Hull Street Road (Route 360), the property benefits from strong regional accessibility, continued suburban growth, expanding household incomes, and increasing commercial activity throughout western Chesterfield County. The combination of stabilized occupancy, embedded NOI growth potential, and future site optionality positions the asset as an attractive opportunity for private investors seeking long-term value creation within one of the Richmond region’s strongest suburban growth corridors.
Investment highlights
- Approximately 90% occupied multi-tenant office/flex investment opportunity
- Located within the established Chesterfield County commercial corridor
- Existing in-place income with additional NOI growth potential
- Below-market lease structures provide future upside through renewals and operational restructuring
- Approximately 1,418 SF of common area currently not core factored into leases
- Combination of office and flex tenancy supports diversified occupancy profile
- Building renovations completed primarily between 2013–2018, including roof, siding, and windows
- Immediate access to Route 288 and Hull Street Road (Route 360)
- Strong surrounding demographics with continued residential and commercial growth
- Additional parcel area provides future conceptual flex development potential
- Positioned to appeal to both private investors and regional owner-operators
- Functional layout with long-term operational flexibility and value-add potential
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