Details for 20 W Bank St, Petersburg, VA 23803
The entire building went through a total rehabilitation in 2002 when it was built out for the current tenant. This Net Leased Office Investment offers a buyer an extremely stable tenant, the Department of Behavioral Health & Developmental Services (Mental Health Services) for AAA-bond rated State of Virginia. This historic building is currently occupied by administrative personnel of the District 19 Mental Health Services and is perfect for their use as the location is at the geographic center of the district. The State has occupied the building for the past 15 years and the current lease extends until 2030. With 73,086 of square footage of office space, sitting on 2.13 acres, this property is zoned B-3. The building features large timber beams, steel girders, five- brick thick walls, numerous skylights, large open spaces, hardwood floors, elevator, and high ceilings. Recently completed improvements to the property include new roofs, new or reconditioned windows, new HVAC systems, electrical upgrades, and parking lot repaving.