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500 Creek View Road

Off-Market

500 Creek View Road, Newark, DE 19711

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  • Property Type Office - General Office
  • Property Size 99,739 SF
  • Lot Size 5.5 Acre
  • Parking Spaces Avail. 249
  • Parking Ratio 2.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1999

Location

  • City Newark, DE
  • Zip Code 19711
  • Market Philadelphia

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 10 Mar, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Newark

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Newark Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.28
  • 2020 Office Vacancy Rate 11.41%
  • 2020 Office Completions (SF)
View more Newark market trends

Tax

  • Property Tax in 2021-2022 $132,833
  • Market Value* $3,810,600
  • Assessed Value $3,810,600

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 500 Creek View Road?

500 Creek View Road totals 99,739 square feet.

When was this property built?

500 Creek View Road was built in 1999.

When was 500 Creek View Road last sold?

500 Creek View Road was last sold on 10 Mar, 2014.

What is the property tax for 500 Creek View Road?

The property tax for 500 Creek View Road in 2021-2022 was $132,833.

What is the market value for 500 Creek View Road?

The market value* for 500 Creek View Road in 2021-2022 was $3,810,600.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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