1810 Landrake Rd - Assisted Livings FOR SALE


Towson, MD 21204- Towson Circle
$1,882,300 USD
332-345-4222
1810 Landrake Rd, Towson, MD for Sale
$1,882,300 USD
Assisted Livings - FOR SALE
1/2
null | 8.5% Cap Rate

1810 Landrake Rd
Towson, MD 21204
Towson Circle


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Sale- Leaseback
  • Attractive Annual Rent Increases
  • High & Increasing Demand for Assisted Living Facilities

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Grand Oasis ALF located at 1810 Landrake Rd, Towson, MD 21204. The site consists of roughly 8,132 rentable square feet of building space on an estimated 1.32-acre parcel of land. This Grand Oasis ALF is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $160,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$1,882,300 USD

PRICE/SF

$231 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Oasis ALF

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

DR 3.5

APN/PARCEL ID

08-0803003570

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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