499 Idlewild Ave - Medical FOR SALE


Easton, MD 21606 | 
$6,900,000 USD
443-513-0682
499 Idlewild Ave, Easton, MD for Sale
$6,900,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

499 Idlewild Ave
Easton, MD 21606


HIGHLIGHTS

  • Income Producing and Fully Tenanted
  • Class A custom professional spaces
  • Located within a busy medical corridor with close proximity to Route 50

OVERVIEW

499 Idlewild Ave., Easton, MD Is a unique opportunity to own recently built, triple-net, commercial real estate in the Easton medical and professional corridor. This acquisition provides investors with an income-producing property consisting of a 20,000 square foot building constructed in 2019, offering NNN, 100% occupancy. Present tenants all exceed five year terms with strong financial and tenancy records. This property has the potential to provide a significant Return on Investment within the first few years of ownership, following a projected Pro Forma which reflects market rate and standard escalation and terms in the Easton professional space market. Acquiring this property provides investors with 20,000 square feet of Class A medical and professional office, constructed to exceed building efficiency code requirements and provide ample parking. This building's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), and downtown Easton offers easily-accessed amenities and quality restaurant options, making this an attractive option for any tenant seeking space within this market.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

LCS

APN/PARCEL ID

01-027654

ASK ABOUT THIS PROPERTY

Chelsye Phillips-HuttonNAI CoastalMore Info
443-513-0682

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Chelsye Phillips-HuttonNAI CoastalMore Info
443-513-0682

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