Exhibit V-23
COMPARABLE OFFICE BUILDINGS
SOUTHERN CHESAPEAKE SUBMARKET, VA
MARCH 2014
KONIKOFF MEDICAL OFFICE
449 DOMINION BLVD
HANBURY OFFICE PARK
213 RIVER WALK PARKWAY
DOMINION BUSINESS CENTER
Product Type
Class B
Class B
Class B
Class B
Class A
Year Built
2006
2007
2006
2004 (renov)
2007
Project
Description
Medical office
Single story medical office building Two 12,00 SF single-story office
buildings
Flexible floor plans to accommodate
suites from 1,000 SF to 20,000 SF
Total SF
15,000
12,970
24,000
14,200
20,000
Asking Prices
$19.50
$17.00
-
$17.50
Performance
100% leased
57%
100%
78%
100%
Key Tenants
Cedar Road Medical Associates,
Konikoff Dentistry
Childrens Hospital of the Kings
Daughters
Tidewater Physical Therapy
Sentara Family Medicine
Physicians, Chesapeake Medical
Associates, Centex Homes
Herndon Construction
SOURCE: Local Market Representatives; CBRE; CoStar
Exhibit V-23
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
