800 Barksdale Rd 30,100 SF 100% Leased Office Building Newark, DE 19711 £3,766,639 (£125.14/SF)
INVESTMENT HIGHLIGHTS
- 800 Barksdale Road offers up to 29,900 square feet of office space and a 3,000-square-foot warehouse, within walking distance to South Main Street.
- Move-in ready, this property allows for strategic lease-up in a growing market, offering investors the chance to capitalize on Newark’s economy.
- Enjoy easy access to Interstate 95, Newark Amtrak Station, and Wilmington Airport, providing convenient transportation.
- Recently renovated its equipped with modern offices, expansive open layouts, move-in-ready workstations, conference rooms, and ample free parking.
- Located just minutes from Downtown Newark and the University of Delaware, this property connects businesses to a skilled workforce.
- Serving a growing population with a $1.4 billion in annual spending, and a business-friendly environment, Newark offers an ideal foundation.
EXECUTIVE SUMMARY
800 Barksdale Road offers a versatile suburban two-story office building located on a 2.12-acre lot in the heart of Newark, Delaware. Ideally situated within walking distance of South Main Street, this value-add opportunity offers up to 29,900 square feet of flexible office space. It can accommodate a single large tenant or be divided into two 13,300-square-foot floors, providing a range of leasing options. In addition, it also features a 3,000-square-foot warehouse with a receiving and loading dock and overhead doors. Recently renovated in 2019, the building is in move-in condition with private offices, expansive open work areas, and modern amenities. The property also boasts ample free parking, enhancing its appeal for tenants and visitors. With an elevator-served building, a welcoming lobby, and ample parking, 800 Barksdale Road presents an exceptional value-add and owner/user opportunity.
Located in a picturesque park-like setting, this property is just minutes from downtown Newark and the University of Delaware, providing access to a vibrant, educated workforce. 800 Barksdale Road offers excellent connectivity, with Interstate 95 just a 10-minute drive away, allowing swift access to both Delaware and Maryland. The Newark Amtrak Station is just 5 minutes away, and Wilmington Airport is only 25 minutes from the property, offering convenience for employees and business travelers. The surrounding area is rich in amenities, including Siemens Healthineers, Air Liquide, the Newark Country Club, and Main Street, which boasts a variety of retailers, dining options, and services.
Newark is a growing and vibrant community with a population of over 120,000 within a 5-mile radius, and 38% of residents have earned a bachelor’s degree or higher, making it an attractive market for businesses seeking educated professionals. The area generates over $1.4 billion in annual consumer spending, providing a solid economic foundation for businesses to thrive. 800 Barksdale Road is within a 5-minute drive from the University of Delaware’s STAR Campus, offering access to top-tier research, innovation, and talent, enhancing the area's appeal for businesses in a variety of sectors. Additionally, Delaware's business-friendly environment, with no sales tax and low corporate income tax rates, makes this property an even more compelling investment opportunity.
Located in a picturesque park-like setting, this property is just minutes from downtown Newark and the University of Delaware, providing access to a vibrant, educated workforce. 800 Barksdale Road offers excellent connectivity, with Interstate 95 just a 10-minute drive away, allowing swift access to both Delaware and Maryland. The Newark Amtrak Station is just 5 minutes away, and Wilmington Airport is only 25 minutes from the property, offering convenience for employees and business travelers. The surrounding area is rich in amenities, including Siemens Healthineers, Air Liquide, the Newark Country Club, and Main Street, which boasts a variety of retailers, dining options, and services.
Newark is a growing and vibrant community with a population of over 120,000 within a 5-mile radius, and 38% of residents have earned a bachelor’s degree or higher, making it an attractive market for businesses seeking educated professionals. The area generates over $1.4 billion in annual consumer spending, providing a solid economic foundation for businesses to thrive. 800 Barksdale Road is within a 5-minute drive from the University of Delaware’s STAR Campus, offering access to top-tier research, innovation, and talent, enhancing the area's appeal for businesses in a variety of sectors. Additionally, Delaware's business-friendly environment, with no sales tax and low corporate income tax rates, makes this property an even more compelling investment opportunity.
SALE FLYER
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
30,100 SF
Building Class
A
Year Built
1974
Price
£3,766,639
Price Per SF
£125.14
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
15,050 SF
Slab to Slab
10 ft
Building FAR
0.33
Lot Size
2.12 AC
Zoning
BL
Parking
74 Spaces (2.46 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 19,600 SF | Office | Full Build-Out | Jun 2025 |
| 2nd Floor | 10,500 SF | Office | Full Build-Out | Jun 2025 |
1st Floor
| Size |
| 19,600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jun 2025 |
2nd Floor
| Size |
| 10,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jun 2025 |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
12,054
57,020
119,556
2024 Population
14,505
61,234
122,969
Population Growth '20-'24
20.3%
7.4%
2.9%
2020 Households
4,331
19,924
44,300
2024 Households
5,341
21,677
45,721
Household Growth '20-'24
23.3%
8.8%
3.2%
Average Age
36
37
38
Median Household Income
$66,375
$64,659
$70,571
Daytime Employees
5,210
25,433
50,765
Total Businesses
609
2,823
5,220
College Degree + Higher
55%
43%
38%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Kong Pao Palace | - | - | 10 min walk |
| DP Dough | Pizza | £ | 10 min walk |
| Wayback Burgers | - | - | 9 min walk |
| The Greene Turtle Sports Bar& Grille | - | - | 9 min walk |
| Happy Garden | Chinese | £ | 10 min walk |
RETAIL |
||
|---|---|---|
| 7-Eleven | Convenience Market | 8 min walk |
| Rite Aid | Drug Store | 10 min walk |
| Anytime Fitness | Fitness | 10 min walk |
| Jerry's Artarama | Art/Crafts | 10 min walk |
HOTELS |
|
|---|---|
| Courtyard |
126 rooms
4 min drive
|
| Hyatt Place |
104 rooms
5 min drive
|
| Homewood Suites by Hilton |
91 rooms
6 min drive
|
| Baymont |
82 rooms
6 min drive
|
PROPERTY TAXES
| Parcel Number | 18-025.00-002 | Improvements Assessment | £1,154,188 |
| Land Assessment | £117,740 | Total Assessment | £1,271,928 |
SALE ADVISOR
SALE ADVISOR
Pat Gioffre, Principal
(302) 373-5636
Contact
Pat Gioffre is a 4th generation entrepreneur and a Delawarean. Pat graduated from A. I. duPont High School in 1989 and from the University of Delaware in 1994 with a degree in BSHR. After graduating from the U of D, Pat and his wife founded and operated a multi-unit restaurant chain for over 7 years. Pat left the restaurant business, worked to earn his real estate license so he could pursue commercial real estate full time, and then spent over 10 years working for some of Delaware’s top brokers. In February 2014, Pat formed Gioffre Commercial Realty, LLC., and in March of 2014, Gioffre Commercial Realty, LLC. completed its first leasing transaction.
Pat has worked as a broker handling landlord and tenant representation assignments, as well as representing buyers and sellers. Pat has extensive experience and enjoys working with small business owners, franchisees, and investors to best help them realize their real estate goals. Pat has represented local and national companies such as Regency Centers, Fusco Management, Interstate Holdings, Tsionas Management, Advance America, Coldstone Creamery, McDonalds, Tri State Fabricators, Schaeffer Homes and Superior Electric.
Pat has pursued his love of real estate outside of his broker duties at Gioffre Commercial Realty, LLC. Pat has completed ground-up development, value and opportunities, and investments across all asset classes including assembling, managing, renovating, and selling a residential rental portfolio.
Pat enjoys much of his free time with his family at the beach, on a boat, or skiing out West. Gioffre Commercial Realty, LLC. has supported several Ocean Rescue Lifeguard events on the Jersey Shore and Pat has been an active participant in raising money, volunteering for the Leukemia & Lymphoma Society (LLS).
Pat has worked as a broker handling landlord and tenant representation assignments, as well as representing buyers and sellers. Pat has extensive experience and enjoys working with small business owners, franchisees, and investors to best help them realize their real estate goals. Pat has represented local and national companies such as Regency Centers, Fusco Management, Interstate Holdings, Tsionas Management, Advance America, Coldstone Creamery, McDonalds, Tri State Fabricators, Schaeffer Homes and Superior Electric.
Pat has pursued his love of real estate outside of his broker duties at Gioffre Commercial Realty, LLC. Pat has completed ground-up development, value and opportunities, and investments across all asset classes including assembling, managing, renovating, and selling a residential rental portfolio.
Pat enjoys much of his free time with his family at the beach, on a boat, or skiing out West. Gioffre Commercial Realty, LLC. has supported several Ocean Rescue Lifeguard events on the Jersey Shore and Pat has been an active participant in raising money, volunteering for the Leukemia & Lymphoma Society (LLS).
