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Class A Office Building
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1040 University Blvd, Portsmouth, VA 23703

60,000 SF Class A office building for rent.

Space Size1,730 SF - 13,255 SF
Property Size60,000 SF
Days on Market546

Property Features for 1040 University Blvd

General Information

Standard status Active
Size 1,730 SF - 13,255 SF
Class A
Property subtype Office

Building Details

Building Size 60,000 SF
Tenancy Multiple

Spaces For Lease

at 1040 University Blvd Contact us

105

Size
1,730 SF
Type
Office
Availability
Active
Contact us

108

Size
2,500 SF
Type
Office
Availability
Active
Contact us

306

Size
3,318 SF
Type
Office
Availability
Active
Contact us

306+310+399

Size
13,255 SF
Type
Office
Availability
Active
Contact us

310

Size
6,195 SF
Type
Office
Availability
Active
Contact us

399

Size
3,742 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Harvey Lindsay Commercial Real Estate
Listed By: Kimberly B. Worley · License #VA
Source: Crexi
Added: Mar 4, 2025 Changed: Aug 31 Last Checked: Aug 30 at 11:01PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harvey Lindsay Commercial Real Estate

Investment Insights

Based on property information with market context.

This is a 60,000 SF Class A office building with direct exposure to the Western Freeway. The building features a brick exterior and common area finishes. It is located in a master-planned mixed-use development by the Terry-Peterson Companies, offering Class A office, retail, and residential components. The development is anchored by Kroger Marketplace, part of a new 225,000± SF retail center, as well as detached residential.

Key Highlights

  • Class A office building with direct exposure to the Western Freeway.
  • Located in a master‑planned mixed‑use development.
  • Anchored by Kroger Marketplace in a 225,000± SF retail center.

Property Analytics

Current Use

HRC Mast One ... Construction Company Theresa Gill Jackson, ... Physician Bon Secours Pulmonary ... Physician MYMIC, LLC Corporate Office Jason Miller Physician

Suggested Use

Top Pick Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop HVAC Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

Demographics for 23703, VA

26,388
Population
10,856
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
1,898
Density / Sq Mi
$75,804
Median Household Income
$46,288
Median Earnings
$1,377
Median Rent
$273,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - 60,000 SF Class A office building for rent.
Where is this office building located?
The property is located at 1040 University Blvd Portsmouth, VA.
What are key features of this property?
This property features: Class A office building with direct exposure to the Western Freeway.; Located in a master‑planned mixed‑use development.; Anchored by Kroger Marketplace in a 225,000± SF retail center.
(757) 640-8700 Call to check price and availability
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