Delaware Corporate Center I

Property Type Office - General Office
Property Size 104,761 SF
Lot Size 7.91 Acre
Parking Spaces Avail. 314
Parking Ratio 3.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1989

Location

Map
Street

City Wilmington, DE
Neighborhood Wilmington
Zip Code 19803
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 27 Apr, 2015
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Wilmington

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

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Wilmington Office Market

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

2020 Avg. Asking Rent $29.44
2020 Office Vacancy Rate 17.87%
2020 Office Completions (SF)

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Tax

Property Tax in 2021-2022 $176,865
Market Value* $5,000,000
Assessed Value $5,000,000

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*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 Delaware Corporate Center I?

Delaware Corporate Center I totals 104,761 square feet.

When was this property built?

Delaware Corporate Center I was built in 1989.

When was Delaware Corporate Center I last sold?

Delaware Corporate Center I was last sold on 27 Apr, 2015.

What is the property tax for Delaware Corporate Center I?

The property tax for Delaware Corporate Center I in 2021-2022 was $176,865.

What is the market value for Delaware Corporate Center I?

The market value* for Delaware Corporate Center I in 2021-2022 was $5,000,000.
*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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