Harbour View Medical Arts

Realized

Harbour View Medical Arts is a 49,000 square-foot medical office facility located in the Harbourview submarket of Hampton Roads, VA which was developed by Lingerfelt’s predecessor and delivered in late 2007. The building was a speculative development which was leased shortly after delivery to Bon Secours Health System, among others.

Investment Info

  • Status: Realized
  • Market: Hampton Roads, VA
  • Property Type: Medical/Life-Science
  • Square Footage: 49,000
  • Lingerfelt Role: Developer
  • Strategy: Development
  • Sub-Strategy: Speculative, Lease-Up

Investment Metrics

  • Entry Date: June 27, 2006
  • Purchase Price: $1,068,000
  • Total Capitalization: $11,500,000
  • Exit Date: May 28, 2010
  • Exit Price: $12,500,000
  • Hold Period: 4.1 Years

Harbour View Medical Arts

5838 Harbour View Boulevard, Suffolk, VA, USA
Realized

Harbour View Medical Arts is a 49,000 square-foot medical office facility located in the Harbourview submarket of Hampton Roads, VA which was developed by Lingerfelt’s predecessor and delivered in late… Read More