10561 Telegraph Rd | Glen Allen, VA 23059
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10561 Telegraph Rd
Glen Allen, VA 23059
Citizens Bank (S&P: A-) · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Citizens Bank’s long–term NN lease has ± 10.0 years of term remaining lease term with 2.50% annual rent escalations and one 5-year renewal options.
- Citizens executed a 12-year lease extension in 2018 demonstrating their commitment to the site.
- The property has serves as Citizens Bank’s regional headquarters for their loan and home mortgage servicing department.
PROPERTY FACTS
Property Type
Office
Building Size
117,142 SF
Building Class
A
Year Built
2001
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
23,450 SF
Slab To Slab
12’
Building FAR
0.26
Lot Size
10.22 AC
Zoning
O3C
Parking
525 Spaces (4.48 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 786-770-7915 | Improvements Assessment | $13,045,000 |
| Land Assessment | $1,537,400 | Total Assessment | $14,582,400 |
PROPERTY TAXES
Parcel Number
786-770-7915
Land Assessment
$1,537,400
Improvements Assessment
$13,045,000
Total Assessment
$14,582,400
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