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128-152 Chartley Dr 31,921 SF 76% Leased Retail Building Reisterstown, MD 21136 $24,000,000 ($751.86/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavily trafficked area
- Synergistic retail, food, and services roster
- Consistent demand for retail space
EXECUTIVE SUMMARY
This includes the entire property included within 2-152 Chartley Dr, Reisterstown, MD 21136. It does NOT include 501-525 Main St, Reisterstown, MD 21136.
2-152 Chartley Dr has 34 units, 101,865 sf of retail, 10,137 of office, 13,800 of pad space, and 651 parking spaces.
2-152 Chartley Dr has 34 units, 101,865 sf of retail, 10,137 of office, 13,800 of pad space, and 651 parking spaces.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$2,354,664
|
$73.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,354,664
|
$73.77
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$374,849
|
$11.74
|
| Net Operating Income |
$1,979,815
|
$62.02
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $2,354,664 |
| Annual Per SF | $73.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,354,664 |
| Annual Per SF | $73.77 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $374,849 |
| Annual Per SF | $11.74 |
| Net Operating Income | |
|---|---|
| Annual | $1,979,815 |
| Annual Per SF | $62.02 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
31,921 SF
Building Class
C
Year Built
1959
Price
$24,000,000
Price Per SF
$751.86
Cap Rate
8.25%
NOI
$1,979,815
Percent Leased
76%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
3.75 AC
Zoning
BMCCC - Commercial
Parking
245 Spaces (7.68 Spaces per 1,000 SF Leased)
Frontage
299’ on Chartley Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Monument Signage
ABOUT 128-152 CHARTLEY DR , REISTERSTOWN, MD 21136
Highly visible 119,600SF shopping center, anchored by Brick Bodies gym and a fantastic internet-resistant roster. Mixed use tenancy. Great position on Main St. in Reisterstown.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Baltimore County Of Health Chartley WIC Clinic
- -
- 2,500 SF
- -
- -
- Baltimore County Social Svc
- -
- 5,636 SF
- -
- -
- Global Gourmet
- -
- 5,636 SF
- -
- -
- Maryland Department of Human Resources
- -
- 13,548 SF
- -
- Aug 2020
- T-Mobile
- -
- 1,200 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Baltimore County Of Health Chartley WIC Clinic | - | 2,500 SF | - | - | ||
| Baltimore County Social Svc | - | 5,636 SF | - | - | ||
| Global Gourmet | - | 5,636 SF | - | - | ||
| Maryland Department of Human Resources | - | 13,548 SF | - | Aug 2020 | ||
| T-Mobile | - | 1,200 SF | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Inline, retail; former canines training.
| Space | Size | Space Use | Position | Available |
| 148-152 | 7,723 SF | Retail | In-Line | Now |
148-152
| Size |
| 7,723 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
148-152
| Size | 7,723 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail; former canines training.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-1700001605 | Improvements Assessment | $5,693,200 |
| Land Assessment | $4,667,900 | Total Assessment | $10,361,100 |
PROPERTY TAXES
Parcel Number
04-1700001605
Land Assessment
$4,667,900
Improvements Assessment
$5,693,200
Total Assessment
$10,361,100
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128-152 Chartley Dr
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