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Investment Highlights

  • Located at the corner of the Western Freeway (Route 164) and College Drive
  • Quality Construction and new HVAC systems
  • Has over 13,000 square feet of contiguous space available,

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
59,878 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2007
Price
$8,885,110 CAD
Price Per SF
$148.39 CAD
Percent Leased
78%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
20,000 SF
Slab To Slab
11’
Building FAR
0.40
Lot Size
3.45 AC
Zoning
GMU - Regional commercial zoning district. Uses depend on local restrictions.
Parking
232 Spaces (3.87 Spaces per 1,000 SF Leased)

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
  • 3rd Fl-Ste 306
  • 3,318 SF
  • Office
  • -
  • Now

Suites 306 and 310 can be combined for 13,255 SF

  • 3rd Fl-Ste 310
  • 6,195 SF
  • Office
  • Full Build-Out
  • Now

Suites 306 and 310 can be combined for 13,255 SF

  • 3rd Fl-Ste 399
  • 3,742 SF
  • Office
  • Shell Space
  • Now

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

Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0833-0016
Land Assessment
$1,175,234 CAD
Improvements Assessment
$11,223,688 CAD
Total Assessment
$12,398,923 CAD
  • Listing ID: 40329793

  • Date on Market: 2026-04-29

  • Last Updated:

  • Address: 1040 University Blvd, Portsmouth, VA 23703

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