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Ritchie Court 877 Baltimore Annapolis Blvd 38,272 SF 91% Leased Office Building Severna Park, MD 21146 For Sale



Investment Highlights
- Prominent frontage and visibility along Baltimore Annapolis Boulevard within Severna Park.
- Located near major healthcare systems, enhancing access to established referral networks.
- Limited regional medical office supply coupled with growing demand for outpatient care in the area
- Recently repositioned asset with occupancy increased from 43% to 91%, primarily comprising medical tenancies.
- On-site property management, ample parking, and modern professional finishes across three floors.
- Close proximity to affluent residential communities and primary regional thoroughfares.
Executive Summary
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.
Property Facts
Amenities
- Courtyard
- Property Manager on Site
- Natural Light
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Acorn Health
- Health Care and Social Assistance
- -
- -
- -
-
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Annapolis Pediatrics was founded in 1948 by Philip Briscoe, MD, and has served infants, children, adolescents, and young adults in the region for more than 70 years. The practice provides a broad range of pediatric services, including routine care, sick visits, newborn support, and care coordination through its patient portal and appointment system. Annapolis Pediatrics also offers prenatal open house sessions for expectant parents and supports families with after-hours nurse advice through its main number. The business maintains a wider regional presence through multiple office locations across central and eastern Maryland, serving families in surrounding communities with pediatric care.
First Medical Associates began as Doctors First, a primary care practice founded in 2008, and later adopted the First Medical Associates name as the company expanded across Maryland. The company provides primary care, family medicine, walk-in services, diabetes management, high blood pressure management, gynecological exams, geriatric care, telehealth consultations, and annual checkups. First Medical Associates also supports routine visits, sudden illness, chronic conditions, preventive care, and on-site laboratory and diagnostic testing.
Forever Fit Physical Therapy & Wellness was founded in 2010 with a mission to provide a physical therapy experience that exceeded patient expectations at every interaction. The company began with a focus on evidence-based care, patient education, and treatment plans built around improving mobility, reducing pain, and supporting long-term health. Over time, the business expanded across Maryland with multiple locations and a service model centered on one-on-one care and individualized rehabilitation. Forever Fit’s verticals include physical therapy, hand therapy, personal training, golf fitness, custom orthotics, pelvic rehabilitation, manual therapy, sports performance, balance and fall prevention, and virtual PT.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Acorn Health | Health Care and Social Assistance | - | - | - | Jan 0000 | |
|
Health Care and Social Assistance | - | - | - | Jan 0000 | |
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
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Health Care and Social Assistance | - | $9.99 | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Virtual Tour: https://youriguide.com/200_877_baltimore_annapolis_blvd_severna_park_md Please reach out to Mason Popham for additional details and enquiries.
Virtual Tour: https://youriguide.com/201_877_baltimore_annapolis_blvd_severna_park_md Please reach out to Mason Popham for additional details and enquiries.
Virtual Tour: https://youriguide.com/209_877_baltimore_annapolis_blvd_severna_park_md Please reach out to Mason Popham for additional details and enquiries.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200 | 1,500 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 201 | 1,590 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 209 | 1,265 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 1,590 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 209
| Size |
| 1,265 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size | 1,500 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Virtual Tour: https://youriguide.com/200_877_baltimore_annapolis_blvd_severna_park_md Please reach out to Mason Popham for additional details and enquiries.
2nd Fl-Ste 201
| Size | 1,590 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Virtual Tour: https://youriguide.com/201_877_baltimore_annapolis_blvd_severna_park_md Please reach out to Mason Popham for additional details and enquiries.
2nd Fl-Ste 209
| Size | 1,265 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Virtual Tour: https://youriguide.com/209_877_baltimore_annapolis_blvd_severna_park_md Please reach out to Mason Popham for additional details and enquiries.
Property Taxes
| Parcel Number | 03-000-90037472 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $7,173,173 CAD |
Property Taxes
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Ritchie Court | 877 Baltimore Annapolis Blvd
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