1104 Walters Ave - Freestanding FOR SALE


Baltimore, MD 21239- Glen Oaks
$3,526,049 USD
781-776-4010
1104 Walters Ave, Baltimore, MD for Sale
$3,526,049 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

1104 Walters Ave
Baltimore, MD 21239
Glen Oaks


HIGHLIGHTS

  • Schedule Rent Increases
  • Investment Grade Credit
  • Minimal Landlord Responsibilities
  • Strategic Location
  • Recession & E-Commerce Resistant Tenant
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, net-leased Fresenius Medical Care (“Fresenius”) property located at 1104 Walters Avenue in Baltimore, Maryland (the “Property”). Constructed in 2017 as a build-to-suit for Fresenius, the free-standing medical office Property has a gross leasable area of 9,028 square feet and sits on a 0.97-acre parcel. The corporate guaranteed lease has 5+ years of term remaining, plus two (2), 5-year renewal options. The lease calls for attractive 2.5% annual increases throughout the primary lease term and renewal options. The Property is well positioned in the north end of Baltimore, approximately 5-miles from the Central Business District. Fresenius is a pad-site to Alameda Marketplace, a Shoppers (grocery store) and Planet Fitness anchored shopping center. The Property is surrounded by densely populated residential neighborhoods and enjoys convenient access to York Street, the area’s primary commercial corridor, area highways and several Universities.

FOR SALE DETAILS

PRICE

$3,526,049 USD

PRICE/SF

$391 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius Medical Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

-

APN/PARCEL ID

5140P-003B

ASK ABOUT THIS PROPERTY

Brian AhrensHorvath & TremblayMore Info
781-776-4010

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Brian AhrensHorvath & TremblayMore Info
781-776-4010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.