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Pikesville Center - Baltimore MSA 1510 Reisterstown Rd 24,741 SF 100% Leased Retail Building Pikesville, MD 21208 $13,735,853 CAD ($555.19 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Walgreens Anchored Retail Center | Long Term Leases | Scheduled Rental Increases | 100% Occupancy
- Interstate 695/Baltimore Beltway | Excellent Visibility Access
- Located at Signalized Hard Corner Intersection | Dense Retail Corridor | Nearby National/Credit Tenants
- Strong Demographics In 5-mile Trade Area | Baltimore MSA
EXECUTIVE SUMMARY
• Walgreens anchored center providing for 89% of the base rental income and occupies 75% of the GLA
• Additional tenants include ASAP Cleaners, Gage Court Clothiers, and Girlkin Lashes
• ASAP Cleaners and Girlkin Lashes have more than 4 years remaining on their lease terms
• Scheduled annual rental increases for ASAP Cleaners and Girlkin Lashes, steadily growing NOI and hedging against inflation
• Stabilized asset at 100% occupancy
• Additional tenants include ASAP Cleaners, Gage Court Clothiers, and Girlkin Lashes
• ASAP Cleaners and Girlkin Lashes have more than 4 years remaining on their lease terms
• Scheduled annual rental increases for ASAP Cleaners and Girlkin Lashes, steadily growing NOI and hedging against inflation
• Stabilized asset at 100% occupancy
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,741 SF
Building Class
B
Year Built/Renovated
1982/2013
Price
$13,735,853 CAD
Price Per SF
$555.19 CAD
Cap Rate
7.25%
NOI
$995,425 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Slab To Slab
10’
Building FAR
0.29
Lot Size
1.97 AC
Zoning
Commercial
Parking
88 Spaces (3.56 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
-
Jan 0000
ENJOY A LUXURIOUS, SPA-LIKE EXPERIENCE TAILORED. SAFE, CUSTOM EYES & BROWS Get volume with natural eye lashes Eliminate mascara A low-maintenance beauty routine
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | Jan 0000 |
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $9,687,620 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$9,687,620 CAD
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Pikesville Center - Baltimore MSA | 1510 Reisterstown Rd
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