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Washington County Social Services Building 122 N Potomac St 53,705 SF 100% Leased Office Building Hagerstown, MD 21740 $5,300,000 ($98.69/SF) 8.45% Cap Rate
Investment Highlights
- The current tenant has a lease that lasts until 2033.
Executive Summary
Scheer Partners, as the exclusive representative to the Seller, is pleased to present a rare
opportunity to acquire the fee simple interest in 122 N. Potomac Street (the “Property”),
located in Hagerstown, Maryland.
Premium Yield on AAA-Rated Tenancy, 10-Year Lease
The Washington County Social Services Building is 100% leased by the State of Maryland
Department of Human Services which has an S&P bond rating of AAA. The State of Maryland agency
has a 33-year occupancy history at the property and a new 10-year term through 2033.
opportunity to acquire the fee simple interest in 122 N. Potomac Street (the “Property”),
located in Hagerstown, Maryland.
Premium Yield on AAA-Rated Tenancy, 10-Year Lease
The Washington County Social Services Building is 100% leased by the State of Maryland
Department of Human Services which has an S&P bond rating of AAA. The State of Maryland agency
has a 33-year occupancy history at the property and a new 10-year term through 2033.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
53,705 SF
Building Class
B
Year Built/Renovated
1930/1991
Price
$5,300,000
Price Per SF
$98.69
Cap Rate
8.45%
NOI
$448,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
14,093 SF
Building FAR
1.87
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
C3
Parking
28 Spaces (1 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-012401 | Improvements Assessment | $3,506,500 |
| Land Assessment | $208,300 | Total Assessment | $3,714,800 |
Property Taxes
Parcel Number
22-012401
Land Assessment
$208,300
Improvements Assessment
$3,506,500
Total Assessment
$3,714,800
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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Contact the Sale Advisor
Washington County Social Services Building | 122 N Potomac St