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122 N Potomac St
Hagerstown, MD 21740
Washington County Social Services Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The current tenant has a lease that lasts until 2033.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
53,705 SF
Building Class
B
Year Built/Renovated
1930/1991
Price
$7,296,934 CAD
Price Per SF
$135.87 CAD
Cap Rate
8.45%
NOI
$616,797 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
14,093 SF
Building FAR
1.87
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
C3
Parking
28 Spaces (1 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 22-012401 | Improvements Assessment | $4,879,355 CAD |
| Land Assessment | $288,160 CAD | Total Assessment | $5,167,515 CAD |
PROPERTY TAXES
Parcel Number
22-012401
Land Assessment
$288,160 CAD
Improvements Assessment
$4,879,355 CAD
Total Assessment
$5,167,515 CAD
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