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MAST One 1040 University Blvd 59,878 SF 78% Leased 4-Star Office Building Portsmouth, VA 23703 $6,500,000 ($108.55/SF)
Investment Highlights
- Has over 13,000 square feet of contiguous space available,
- Excellent regional connectivity via Route 164 and major Hampton Roads corridors.
- Includes significant on-site surface parking with 232 spaces in total.
- Quality Construction and new HVAC systems
- Approximately 78% leased, providing immediate income with future upside potential.
Executive Summary
Situated at the corner of Western Freeway (Route 164) and College Drive, the property provides excellent visibility with daily traffic counts of over 51,000 vehicles. MAST One is part of a 148-acre mixed-use development combining residential, retail, and dining, all within a walkable neighborhood setting. The location offers unparalleled access to the broader Hampton Roads region, including Suffolk, Norfolk, Chesapeake, and the Peninsula, making it convenient for clients and employees alike. Additionally, with over 13,000 contiguous square feet available, the property presents both value-add potential and opportunities for owner-users seeking a flagship presence in the market.
Property Facts
Amenities
- Controlled Access
- Signage
- Waterfront
- Central Heating
- Wi-Fi
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Suites 306 and 310 can be combined for 13,255 SF
Suites 306 and 310 can be combined for 13,255 SF
TI Allowance Available For Specific Buildout Needs
| Space | Size | Space Use | Build-Out | Available |
| 3rd Fl-Ste 306 | 3,318 SF | Office | - | Now |
| 3rd Fl-Ste 310 | 6,195 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 399 | 3,742 SF | Office | Shell Space | Now |
3rd Fl-Ste 306
| Size |
| 3,318 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
3rd Fl-Ste 310
| Size |
| 6,195 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 399
| Size |
| 3,742 SF |
| Space Use |
| Office |
| Build-Out |
| Shell Space |
| Available |
| Now |
3rd Fl-Ste 306
| Size | 3,318 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Suites 306 and 310 can be combined for 13,255 SF
3rd Fl-Ste 310
| Size | 6,195 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Suites 306 and 310 can be combined for 13,255 SF
3rd Fl-Ste 399
| Size | 3,742 SF |
| Space Use | Office |
| Build-Out | Shell Space |
| Available | Now |
TI Allowance Available For Specific Buildout Needs
Property Taxes
| Parcel Number | 0833-0016 | Improvements Assessment | $8,205,410 |
| Land Assessment | $859,190 | Total Assessment | $9,064,600 |
Property Taxes
Contacts
-
Ryan King -
Peter Abraham -
Kimberly Worley -
Harvey Lindsay Commercial Real Estate
Presented by
MAST One | 1040 University Blvd
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