What is the asking price for Tower Medical?

The lease rate for space here is $4,999,999.

What is the total size of Tower Medical?

The property has a total square footage of 20,067 SF.

When was this property built?

Tower Medical was built in 2005.

How many parking spaces are available at Tower Medical?

Parking information for the property isn't currently listed. However, other nearby parking options include Faculty Parking Lot, located 1.18 miles away , and Taylor Forest Trail, which is 4.68 miles away.

13520 Hull St Rd, Midlothian, VA 23112

For Sale $4,999,999
Property Type Other
Property Size 20,067 SF
Lot Size 2.83 SF
Building Class A
Year Built 2005
Date Updated Oct 25, 2026

Description

Colliers is exclusively representing the ownership in the sale of Tower Medical, a distinguished 20,067-square-foot medical office building located at 13520-13540 Hull Street in Midlothian, Virginia. Strategically positioned along the highly trafficked Hull Street commercial corridor, which boasts over 78,000 vehicles per day, Tower Medical is a premier suburban medical office asset within the Richmond metropolitan area.

This offering presents a compelling opportunity for value-add medical investors and potential owner-users. With an in-place CAP rate of 10.60% through the remainder of 2026, the primary value creation opportunity lies in leasing up the approximately 12,336 square feet of prime medical space (Suite 3540) that will become available at the end of 2026. This vacancy provides a unique chance for a buyer to release the building's most highly desirable space at a higher market rate. Investors are insulated from potential downtime by a 12-month pre-leasing runway to replace the existing tenant. Upon stabilization, investors can conservatively expect annual return above 10%. Tower Medical represents a prime value-add opportunity in a high-quality asset, offering significant upside potential in a high-growth submarket.

Available