Patrick Henry Corporate Center

Location: Newport News, VA
Type: Office
Price: $ 10,850,000

SMC has provided a $10,850,000 ten-year fixed rate first mortgage loan to finance the acquisition of Patrick Henry Corporate Center, a 100.0% occupied multi-tenant Class A office property. The improvements consist of a single four-story building totaling 91,900 square feet that was constructed in 1989 and significantly renovated throughout 2008 and 2011. The Property is located in Newport News, VA within the Oyster Point submarket of the greater Hampton Roads office market. The Property is located along Jefferson Avenue and is in close proximity to several major military installations, the Newport News-Williamsburg International Airport, the Patrick Henry Mall, and several major commercial thoroughfares.