Baldus Retail Center | 6700 Crain Hwy
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Baldus Retail Center 6700 Crain Hwy
11,688 SF 100% Leased Retail Building La Plata, MD 20646 $5,400,000 ($462/SF) 6% Cap Rate
Executive Summary
Established medical/retail center with 11,000~ leasable sqft and current occupancy at 100%. Three tenants under lease, one of which being a nationally recognized company in DaVita Dialysis. The other 2 tenants are Precision Orthopedics & Sports Medicine and B Doughnut - La Plata. CAM fees pay for Taxes and Insurance and all property maintenance. Access to 80+ parking spaces. Ideally situated off of Route 301 with high visibility and has roughly a 30,000+ ~ total population within a 5 mile radius, with median household income of over $119,000. High visibility and easily commutable.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,688 SF
Year Built
2018
Price
$5,400,000
Price Per SF
$462
Cap Rate
6%
NOI
$324,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Land Acres
1.69 AC
Zoning
CH - The property is located in the commercial highway zone
Parking
80 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01-000209 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $2,768,167 |
PROPERTY TAXES
Parcel Number
01-000209
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,768,167
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Baldus Retail Center | 6700 Crain Hwy
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