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Sequoia Center 505-507 Reisterstown Rd

11,049 SF 100% Leased Retail Building Pikesville, MD 21208 For Sale

Investment Highlights

  • 100% Occupied to 6 Tenants, with YOY history of high occupancy
  • NOI of +$167,000!
  • Professionally managed and maintained by same owners for decades
  • Straightforward NNN lease structures, with escalations and term
  • Ample parking; easy access from either Reisterstown Rd or Slade Ave
  • Highly visible with signage on Reisterstown Rd, Pikesville's major artery

Executive Summary

Trout Daniel & Associates has been retained as exclusive representative of the owner for the sale of Sequoia Center, a 11,048 SF retail center on 0.82 AC located in Pikesville, Baltimore County.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,049 SF
Building Class
C
Year Built
1961
NOI
$168,637
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Land Acres
4.62 AC
Zoning
BL - Business Local
Parking
40 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
93 FT on Reisterstown Rd

Amenities

  • Air Conditioning
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Mimi's Cafe
Starbucks
Bank of America
Truist
TD Ameritrade
First Watch
Giant Food
PNC Bank
Capital One
Planet Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-0307053046
Land Assessment
$388,800
Improvements Assessment
$235,500
Total Assessment
$624,300
  • Listing ID: 33192978

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 505-507 Reisterstown Rd, Pikesville, MD 21208

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