the Sun Life Building 20 S Charles St 121,438 SF 70% Leased Office Building Baltimore, MD 21201 For Sale
INVESTMENT HIGHLIGHTS
- the Sun Life Building: 12 Story Sleek & Stylish Icon
- Floor to Ceiling Windows
- 2-Level Underground Parking, with 137 Spaces
- 56% Occupied, Optimal Conversion or HQ for User
- Central Lobby with Modern Edges, Light & Lines
- Lobby with Security Station & Convenience Retail
EXECUTIVE SUMMARY
Trout Daniel & Associates is pleased to offer the opportunity for purchase of The Sun Life Building, a 121,438 square foot, 56% leased, 12-story Class A office building, located in the heart of Baltimore's Central Business District.
THE OFFERING
Iconic & stylish, the Sun Life is ready to join the CBD's office-to-apartment conversion-revolution, or be the next headquarters for a company who can leverage the building's strategic location and contemporary elan.
The Sun Life is located a block from Baltimore's Inner Harbor and CFG Arena, and a short stroll from Camden Yards, hospitals,
retail, restaurants and more. Amenities include an on-site deli, a concierge, renovated elevators, lobbies and bathrooms; a 137-
car below-grade parking garage, and floor-to-ceiling windows. Current ownership have invested over $7M into the building.
Financially, this is a rare opportunity to acquire a high quality premier downtown office asset significantly below replacement cost with upside through further lease up or - as the property is currently 56% leased, a new owner can benefit from the property's location, floor-over-floor consistent layout and style to convert the property to apartments or mixed use.
THE OFFERING
Iconic & stylish, the Sun Life is ready to join the CBD's office-to-apartment conversion-revolution, or be the next headquarters for a company who can leverage the building's strategic location and contemporary elan.
The Sun Life is located a block from Baltimore's Inner Harbor and CFG Arena, and a short stroll from Camden Yards, hospitals,
retail, restaurants and more. Amenities include an on-site deli, a concierge, renovated elevators, lobbies and bathrooms; a 137-
car below-grade parking garage, and floor-to-ceiling windows. Current ownership have invested over $7M into the building.
Financially, this is a rare opportunity to acquire a high quality premier downtown office asset significantly below replacement cost with upside through further lease up or - as the property is currently 56% leased, a new owner can benefit from the property's location, floor-over-floor consistent layout and style to convert the property to apartments or mixed use.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
121,438 SF
Building Class
B
Year Built/Renovated
1966/2018
Percent Leased
70%
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
11,000 SF
Building FAR
5.36
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
C-5-DC
Parking
137 Spaces (1.13 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Convenience Store
- Food Service
- Property Manager on Site
- Signage
- Bicycle Storage
- High Ceilings
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
8,531 SF contiguous.
8,531 SF contiguous.
8,531 SF contiguous.
2,340 SF contiguous.
2,340 SF contiguous.
- 5th Fl-Ste 501
- 3,560 SF
- Office
- Partial Build-Out
- Now
- 7th Fl-Ste 702
- 936 SF
- Office
- Partial Build-Out
- Now
- 8th Fl-Ste 800
- 11,000 SF
- Office
- Partial Build-Out
- Now
9,090 SF contiguous.
9,090 SF contiguous.
- 11th Fl-Ste 1100
- 866 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 300 | 4,366 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 319 | 879 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 321 | 3,286 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 403 | 560 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 405 | 1,780 SF | Office | Partial Build-Out | Now |
| 5th Fl-Ste 501 | 3,560 SF | Office | Partial Build-Out | Now |
| 7th Fl-Ste 702 | 936 SF | Office | Partial Build-Out | Now |
| 8th Fl-Ste 800 | 11,000 SF | Office | Partial Build-Out | Now |
| 9th Fl-Ste 901 | 3,450 SF | Office | Partial Build-Out | Now |
| 9th Fl-Ste 903 | 5,640 SF | Office | Full Build-Out | Now |
| 11th Fl-Ste 1100 | 866 SF | Office | Partial Build-Out | Now |
3rd Fl-Ste 300
| Size |
| 4,366 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 319
| Size |
| 879 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 321
| Size |
| 3,286 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 403
| Size |
| 560 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 405
| Size |
| 1,780 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
5th Fl-Ste 501
| Size |
| 3,560 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
7th Fl-Ste 702
| Size |
| 936 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
8th Fl-Ste 800
| Size |
| 11,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
9th Fl-Ste 901
| Size |
| 3,450 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
9th Fl-Ste 903
| Size |
| 5,640 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
11th Fl-Ste 1100
| Size |
| 866 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 0601-019 | Improvements Assessment | $4,485,600 |
| Land Assessment | $2,284,700 | Total Assessment | $6,770,300 |
