Fully Leased to the State of Maryland 4201 Patterson Ave 84 674 pi² 100% Loué Immeuble de bureaux Vente à l’encan en ligne Baltimore, MD 21215

Jones Lang LaSalle, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present the opportunity to purchase 4201 Patterson Avenue (the “Property”), a five-story, 84,674-square-foot office asset in the Northwest Submarket of Baltimore, Maryland. 100% leased to the State of Maryland through March 2036 with AAA credit, the asset has been fully leased by the State since original construction in 1989. 4201 Patterson Avenue is located inside the Baltimore Beltway, offering convenient access to Interstates 83 and 695, and it is within walking distance of the Reisterstown Plaza Metro Station.

The immediate area possesses a robust amenity base that cultivates a “Live-Work-Play” environment. Directly across the street from the property is Reisterstown Road Plaza shopping center, a prominent 610,000-square-foot strip center featuring big-box tenancy, national chain restaurants, a name-brand fitness center, and local shops and restaurants. Located a 15-minute Metro ride from Baltimore’s Central Business District, the tenants and patrons of 4201 Patterson Avenue benefit from the convenience of a suburban office location while also sitting proximate to the city’s urban core.

This accessibility provides employees with the ability to live anywhere within Baltimore City Limits, as well as Baltimore’s suburbs. Furthermore, the proximity to downtown allows the Property to capture the demand drivers of Baltimore’s market: a well-educated population, a major medical influence, premier institutions of higher education, and three Fortune 1000 companies, Constellation Energy, T. Rowe Price, and Under Armour.

4201 Patterson Avenue is situated within one of the strongest office submarkets in the country. The Northwest Baltimore Submarket’s exceptional 3.1% vacancy rate, 3.3% 10-year average vacancy rate, and dearth of future supply point towards sustained occupancy strength, rental rate resilience, and a highly favorable risk-return profile. Within the Northwest Baltimore Submarket, there is a near-zero (0.8%) vacancy rate for office product within walking distance of Baltimore’s Metro system, positioning 4201 Patterson in a highly desirable subset of assets. Accordingly, there is not a single contiguous vacancy in Northwest Baltimore that is large enough to replicate the State of Maryland’s space requirements fulfilled by 4201 Patterson Avenue.

4201 Patterson Avenue is a compelling investment opportunity that offers an invaluable, metro-accessible location with the highly coveted State of Maryland credit tenancy within the Baltimore City Limits. The property’s entrenched credit tenancy and robust contractual cash flow deliver strong cash yields at a historically low basis.