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424 E. Grace Street 424 E Grace St
3,660 SF of Office Space Available in Richmond, VA 23219
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor, Ste 2nd Floor | 3,660 SF | Negotiable | $16.00 /SF/YR $1.33 /SF/MO $58,560 /YR $4,880 /MO | Modified Gross |
2nd Floor, Ste 2nd Floor
This iconic 2 story mixed use building centrally located in downtown Richmond offers a 2nd floor “turn-key” historic creative office space. This corner building, situated at E Grace and 5th St offers an incredible glass line, prominent architectural detail, and a high profile walkable location to some of Downtown’s most sought after destinations including The National, Dominion Energy Center, the Convention Center as well as an array of well renowned restaurants including Rappahannock, Lillie Pearl, Julep’s, and Secret Sandwich Society. Formerly a retail banking location for SunTrust, the 2nd floor was recently renovated and includes a dynamic floor plan with 8-9 large perimeter private offices encompassing a large open collaborative space. The 2nd floor is ideal for a range of uses including everything to the headquarters of an architectural firm to an art gallery to a nonprofit. Conveniently positioned near interstates, several parking garages, and mass transit, 424 E. Grace is a wonderful opportunity to be situated within the center of the Richmond market.
- Listed rate may not include certain utilities, building services and property expenses
- 2nd floor "end cap" creative office space
- Move-in ready
- Recently renovated
- Highly walkable location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 424 E GRACE ST , RICHMOND, VA 23219
| Total Space Available | 3,660 SF | Gross Leasable Area | 10,980 SF |
| Property Type | Retail | Year Built | 1928 |
| Property Subtype | Bank | Cross Streets | 5th St |
| Total Space Available | 3,660 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 10,980 SF |
| Year Built | 1928 |
| Cross Streets | 5th St |
FEATURES AND AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
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424 E. Grace Street | 424 E Grace St
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