Bridge33 Capital Acquires 5th Street Station Retail Center In Charlottesville For $117.12M

Bridge33 Capital acquired a retail center located at 435 Merchant Walk Square in Charlottesville, VA, for $117.12 million. The asset has a total square footage of 451,972 and was purchased from 5th Street Station Ventures LLC. The transaction indicates a price per square foot of $259. The property was reported to be 99% leased at the time of closing.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $117,120,000
• Address: 435 Merchant Walk Square
• Market: Charlottesville, VA
• Square Footage: 451,972
• Price Per Square Foot: $259
• Seller: 5th Street Station Ventures LLC
• Buyer: Bridge33 Capital
• Net Cash Flow: $7.19 million (2025)
• Capitalization Rate: 6.14%

Bridge33 Capital's acquisition represents its first investment in Virginia. The retail center, anchored by Wegmans, reflects a significant addition to their portfolio. The transaction showcases the strategic expansion efforts of Bridge33 Capital in the retail market.