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MAST One 1040 University Blvd 59,878 SF 71% 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,
- Includes significant on-site surface parking with 232 spaces in total.
- Master-planned surroundings include retail, residential, and dining amenities.
- Quality Construction and new HVAC systems
- Direct freeway exposure and quick access to I-664 and Western Freeway.
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
The U.S. Food and Drug Administration is a federal agency within the Department of Health and Human Services that has spent more than a century promoting and protecting public health. Its roots reach back to early federal efforts to address adulterated and misbranded foods and medicines, and its modern role grew out of the agency’s evolution in the early twentieth century. The agency oversees the safety and effectiveness of human and veterinary medicines, biologics, and medical devices, while also regulating food, cosmetics, tobacco products, and devices that emit radiation. The agency also provides science-based health information and works across public health, research, inspection, and regulatory functions in the United States and internationally.
| 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
- 1st Fl-Ste 104
- 1,730 SF
- Office
- -
- Now
- 1st Fl-Ste 108
- 2,500 SF
- Office
- -
- Now
Suites 306, 310 and 399 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 |
| 1st Fl-Ste 104 | 1,730 SF | Office | - | Now |
| 1st Fl-Ste 108 | 2,500 SF | Office | - | Now |
| 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 |
1st Fl-Ste 104
| Size |
| 1,730 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 108
| Size |
| 2,500 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 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, 310 and 399 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
Harvey Lindsay Commercial Real Estate
MAST One | 1040 University Blvd
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