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Parham Park

Off-Market

8501 Mayland Drive, Henrico, VA 23294

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  • Property Type Office - General Office
  • Property Size 50,400 Sqft
  • Lot Size 4.53 Acre
  • Parking Spaces Avail. 221
  • Parking Ratio 4.40/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1974

Location

  • City Henrico, VA
  • Neighborhood Mayland Townes
  • Zip Code 23294
  • Market Richmond Tidewater

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 04 Oct, 2007
  • Purchase Price $3,400,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Henrico

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 Henrico Office Market

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

  • 2020 Avg. Asking Rent $17.86
  • 2020 Office Vacancy Rate 8.19 %
  • 2020 Office Completions (Sqft)
View more Henrico market trends

Tax

  • Property Tax in 2021 $34,962
  • Market Value $4,018,700
  • Assessed Value $4,018,700

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

Frequently Asked Questions

What is the total square footage of Parham Park?

Parham Park totals 50,400 square feet.

When was this property built?

Parham Park was built in 1974.

When was Parham Park last sold?

Parham Park was last sold on 04 Oct, 2007.

What was the last purchase price for Parham Park?

Parham Park was last sold for $3,400,000.

What is the property tax for Parham Park?

The property tax for Parham Park in 2021 was $34,962.

What is the market value for Parham Park?

The market value for Parham Park in 2021 was $4,018,700.

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