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Sentara Princess Anne Hospital - 1950 Medical Office Building

Off-Market

1950 Glenn Mitchell Drive, Virginia Beach, VA 23456

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Medical Office
  • Property Size 69,332 Sqft
  • Lot Size 55.75 Acre
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2006

Location

  • City Virginia Beach, VA
  • Neighborhood Virginia Beach National Golf Club
  • Zip Code 23456
  • 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 Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Virginia Beach

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 Virginia Beach Office Market

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

  • 2020 Avg. Asking Rent $19.26
  • 2020 Office Vacancy Rate 8.95%
  • 2020 Office Completions (Sqft)

Virginia Beach Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $133.25
  • 2020 Office Sales Volume $27.8M
  • 2020 Number of Transactions 4
View more Virginia Beach market trends

Tax

  • Property Tax in 2020 $1,990,702
  • Market Value $195,646,400
  • Assessed Value $195,646,400

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

Frequently Asked Questions

What is the total square footage of Sentara Princess Anne Hospital - 1950 Medical Office Building?

Sentara Princess Anne Hospital - 1950 Medical Office Building totals 69,332 square feet.

When was this property built?

Sentara Princess Anne Hospital - 1950 Medical Office Building was built in 2006.

What is the property tax for Sentara Princess Anne Hospital - 1950 Medical Office Building?

The property tax for Sentara Princess Anne Hospital - 1950 Medical Office Building in 2020 was $1,990,702.

What is the market value for Sentara Princess Anne Hospital - 1950 Medical Office Building?

The market value for Sentara Princess Anne Hospital - 1950 Medical Office Building in 2020 was $195,646,400.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.