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500 Virginia Drive

Off-Market

500 Virginia Drive, Fort Washington, PA 19034

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  • Property Type Office - General Office
  • Property Size 371,622 Sqft
  • Lot Size 27.45 Acre
  • Parking Spaces Avail. 1798
  • Parking Ratio 4.84/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • LEED Certified Silver
  • Building Class B
  • Year Built 1999

Location

  • City Fort Washington, PA
  • Zip Code 19034
  • 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 28 Jun, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Fort Washington

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 Fort Washington Office Market

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

  • 2020 Avg. Asking Rent $25.75
  • 2020 Office Vacancy Rate 15.54 %
  • 2020 Office Completions (Sqft)
View more Fort Washington market trends

Tax

  • Property Tax in 2021-2022 $686,926
  • Market Value $14,836,920
  • Assessed Value $14,836,920

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

Frequently Asked Questions

What is the total square footage of 500 Virginia Drive?

500 Virginia Drive totals 371,622 square feet.

When was this property built?

500 Virginia Drive was built in 1999.

When was 500 Virginia Drive last sold?

500 Virginia Drive was last sold on 28 Jun, 2019.

What is the property tax for 500 Virginia Drive?

The property tax for 500 Virginia Drive in 2021-2022 was $686,926.

What is the market value for 500 Virginia Drive?

The market value for 500 Virginia Drive in 2021-2022 was $14,836,920.

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