122 N Potomac St - Office FOR SALE


Hagerstown, MD 21740- City Square
$5,300,000 USD
301-370-3612
122 N Potomac St, Hagerstown, MD for Sale
$5,300,000 USD
Office - FOR SALE
1/7
null | 8.45% Cap Rate

122 N Potomac St
Hagerstown, MD 21740
City Square


HIGHLIGHTS

  • The current tenant has a lease that lasts until 2033.

OVERVIEW

Scheer Partners, as the exclusive representative to the Seller, is pleased to present a rare opportunity to acquire the fee simple interest in 122 N. Potomac Street (the “Property”), located in Hagerstown, Maryland. Premium Yield on AAA-Rated Tenancy, 10-Year Lease The Washington County Social Services Building is 100% leased by the State of Maryland Department of Human Services which has an S&P bond rating of AAA. The State of Maryland agency has a 33-year occupancy history at the property and a new 10-year term through 2033.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$99 USD /SF

CAP RATE

8.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Washington County Social Services Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,715 SF

ZONING

C3

APN/PARCEL ID

22-012401

ASK ABOUT THIS PROPERTY

Joseph DoneganMackintosh Inc. RealtorsMore Info
301-370-3612

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Joseph DoneganMackintosh Inc. RealtorsMore Info
301-370-3612

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