First Colonial Medical Center | 1120 First Colonial Rd
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First Colonial Medical Center 1120 First Colonial Rd
22,290 SF 73% Leased Office Building Virginia Beach, VA 23454 $5,618,720 CAD ($252 CAD/SF)
Investment Highlights
- Excellent Medical Tenant Mix.
- Opportunity for Owner/Occupant or Investor
- High Visibility Location on First Colonial Rd next to Sentara's Facility.
- Building Area consists of 22,290 SF sitting on 2.19 Acres Allowing for Ample Parking, Expansion, and Potential Future Redevelopment
Executive Summary
This medical office building is strategically situated at 1120 First Colonial Road, Virginia Beach, VA. Its close proximity to Sentara Virginia Beach General Hospital positions it as a prime choice for healthcare providers, making it highly convenient for patients seeking medical services in the area. With First Colonial Road being a major medical corridor, the property enjoys enhanced visibility and accessibility, facilitating easy navigation for both healthcare professionals and visitors.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
22,290 SF
Building Class
C
Year Built
1970
Price
$5,618,720 CAD
Price Per SF
$252 CAD
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,665 SF
Slab To Slab
11’
Building FAR
0.23
Land Acres
2.19 AC
Zoning
O2
Parking
129 Spaces (5.79 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Floor
- 1,267 SF
- Office
- Partial Build-Out
- Now
Former Urologist's Office.
- 2nd Fl-Ste 203
- 1,178-2,919 SF
- Office/Medical
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,267 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 200 | 1,741 SF | Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 203 | 1,178-2,919 SF | Office/Medical | Partial Build-Out | Now |
2nd Floor
| Size |
| 1,267 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 1,741 SF |
| Space Use |
| Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 1,178-2,919 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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2nd Fl-Ste 200
| Size | 1,741 SF |
| Space Use | Medical |
| Condition | Partial Build-Out |
| Available | Now |
Former Urologist's Office.
PROPERTY TAXES
| Parcel Number | 2408-54-7489 | Improvements Assessment | $1,907,286 CAD |
| Land Assessment | $2,272,149 CAD | Total Assessment | $4,179,435 CAD |
PROPERTY TAXES
Parcel Number
2408-54-7489
Land Assessment
$2,272,149 CAD
Improvements Assessment
$1,907,286 CAD
Total Assessment
$4,179,435 CAD
-
Brian Devlin -
Michael Divaris -
Divaris Real Estate, Inc.
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First Colonial Medical Center | 1120 First Colonial Rd
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