Historical Office Sale Listing - 7.4% CAP -Investment "The Setton Business Park"

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7.4% CAP -Investment "The Setton Business Park"

Mount Hope Drive, Baltimore, MD 21215

N/A

63,000 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
63,000 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
7.40%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
5.90 AC
Listing ID
15548397
Last Updated
over 1 year ago

Description

NOI $740K
The building at 4601 / 4701 Mount Hope Drive was constructed in 1988 and is located on 5.9 acres and contains approximately 62,610 square feet.
The building' s layout can accommodate several tenants in the current configuration or divide the spaces to smaller bays. The building has 180 parking spaces to accommodate both large and small office / flex tenants and is currently equipped with 10 utility meters servicing the property. The building enjoys 100% occupancy with projected long term growth. Currently the building is leased approximately 95% to office tenants and 5% flex/office tenants.
- New Roof,
- Interior height - 16"
- Existing Mortgahe is $4,056,636

4601 and 4701 Mount Hope Drive
Baltimore City, Maryland 21215
LOCATION: The Seton Business Park is conveniently located within Baltimore City near the Northeast Baltimore City/County Line. The Park is bounded to the Southeast by Northern Parkway, to the Southwest by Liberty Road, and to the North by Reisterstown Road. These major thoroughfares connect this area to Interstate 83 and Interstate 695 and provide for easy commuter access.

BLOCK/LOT: 4284/9

Map of Mount Hope Drive, Baltimore, MD 21215 (Baltimore City County)

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Created 2/5/2008