100 W. Antietam Street & 41-43 Summit Ave.; a rare value-add opportunity to acquire an urban office investment at below replacement cost, that offers existing cash flow through approximately 80% tenant occupancy, inclusive of a new ten (10) year sale-leaseback with Wright-Gardner Insurance that occupies 65% of the total property square footage. An exceptional opportunity offering investors the ability to position the property for future growth and increase revenue through lease-up of current vacancy and annual rent escalations. The acquisition provides investors with an urban, two-story, approx. 20,000 square-foot, 80% leased office building in the heart of the City of Hagerstown, MD. Current tenants include Wright-Gardner Insurance and Maryland Wellness & Recovery. Wright-Gardner Insurance… has provided the community with comprehensive insurance coverage and services for over 100 years. Established in 1914, the company has grown over time to become one of the largest independent insurance agencies in the tri-state area. Wright-Gardner has demonstrated a longtime commitment to the city block where they are currently located. Beginning in the 1950s the company operated in the building at the corner of Summit Avenue and West Antietam; when they needed more space, they then expanded next door into 41-43 Summit Ave; and finally in 1984 they built their current premises at 100 W Antietam, which courtyard still borders their original corner building. The company remains committed to the property in the years ahead. They’ve invested heavily in 100 W Antietam in the form of a new roof and new mechanical units. The ample parking and downtown location are convenient for employees. As a staple of the Hagerstown business community, the downtown location is a great fit for Wright-Gardner especially amidst all the revitalization and development taking place in that part of downtown. Maryland Wellness & Recovery… established in 2018 by current Executive Director Sahar Albaugh, Maryland Wellness & Recovery is headquartered in Bethesda and their new Hagerstown office will be their second location. The downtown location of 41-43 Summit Ave fits their practice well as many of their patients rely on walking, biking, or public transportation to access care. Maryland Wellness & Recovery has revitalized the space as they prepare to open, installing new flooring and paint and creating an airy, welcoming entrance for their new patient community in Hagerstown.