240-539-3796
877 Baltimore Annapolis Blvd, Severna Park, MD for Sale
Medical - FOR SALE
1/10
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877 Baltimore Annapolis Blvd
Severna Park, MD 21146


HIGHLIGHTS

  • Prominent frontage and visibility along Baltimore Annapolis Boulevard within Severna Park.
  • Recently repositioned asset with occupancy increased from 43% to 91%, primarily comprising medical tenancies.
  • Located near major healthcare systems, enhancing access to established referral networks.
  • On-site property management, ample parking, and modern professional finishes across three floors.
  • Limited regional medical office supply coupled with growing demand for outpatient care in the area
  • Close proximity to affluent residential communities and primary regional thoroughfares.

OVERVIEW

Thomas Park Commercial is pleased to present the exclusive offering of Ritchie Court, a 38,271 square foot medical and professional office building located along one of Anne Arundel County’s most affluent corridors. Positioned along Ritchie Highway within a high-barrier-to-entry market, the property benefits from strong regional accessibility, established healthcare infrastructure, and long-term outpatient medical demand. The property is strategically located near major regional healthcare systems including Luminis Health Anne Arundel Medical Center and University of Maryland Baltimore Washington Medical Center, supporting access to a well-established referral network and broader outpatient healthcare ecosystem. Backed by excellent healthcare demand drivers, the surrounding trade area is defined by significant household incomes, affluent residential communities, and long-term demographic trends that continue to support outpatient healthcare utilization throughout the corridor. Ownership successfully repositioned the asset through more than 25,000 square feet of leasing activity, increasing occupancy from approximately 43% to 91% while significantly expanding the building’s medical tenancy profile. During this period, medical occupancy grew from approximately 8,250 square feet to more than 24,000 square feet, creating a diversified healthcare-oriented rent roll supported by complementary professional office users. With approximately 3,400 square feet of remaining vacancy, the asset presents a clear opportunity to complete lease-up and further stabilize operations. Additional upside is supported by contractual rent escalations, limited medical office supply within the immediate submarket, and continued demand for outpatient and service-oriented tenancy across Anne Arundel County.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ritchie Court

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

165

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

C2

APN/PARCEL ID

03-000-90037472

ASK ABOUT THIS PROPERTY

Mason PophamThomas Park Commercial LLCMore Info
240-539-3796

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Mason PophamThomas Park Commercial LLCMore Info
240-539-3796

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