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22685 & 22695 Three Notch Rd 22685 Three Notch Rd 25,178 SF 98% Leased Office Building California, MD 20619 $4,200,000 ($166.81/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Multiple Tenant Investment
  • New Roof 2025, Updated Parking Area
  • 98% Leased

EXECUTIVE SUMMARY

2 Single Buildings
22685 = +/- 28,000 GBA (Gross Building Area)
22695 = +/- 5,500 GBA (Gross Building Area)
2.62 +/- acres
114,127 +/- sqft land parcel
Approved CMX (Commercial Mixed)
Building 22695 – (2) Suites 101 & 102
Building 22685 – (8) Suites A, B, C, D, E, F, G, & H
No load-bearing walls in any Suite (reduces buildout costs)
Common Areas in both Buildings
Includes foyer, bathrooms, kitchen area
Security Alarm & Cameras
Self-locking doors
Ample Parking
(126) parking spaces
(6) Handicap spaces
Parking Lot lights converted to LED lights
Handicap Accessible
Lighted Marquee
Visible Road Signage
Wired for T-1 and Cable
1. New HVAC installed in one large tenant suite to provide a dedicated HVAC system to that suite
2. HVAC system re-engineered in one suite to provide a dedicated HVAC system for that suite
3. Recent roof maintenance and repair completed
4. New carpet installed in three large tenant suites
5. Currently in the process of converting all ceiling lighting to LED light fixtures
6. Updated building and roadside marquees

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
25,178 SF
Building Class
B
Year Built/Renovated
1984/2025
Price
$4,200,000
Price Per SF
$166.81
Cap Rate
7%
NOI
$294,000
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,178 SF
Building FAR
0.22
Lot Size
2.62 AC
Zoning
CMX - CMX - Commercial Mixed
Parking
132 Spaces (3.96 Spaces per 1,000 SF Leased)

AMENITIES

  • Security System
  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 205 RM35
  • 165 SF
  • Office
  • Full Build-Out
  • Now

Quiet location Internet cable already installed (tenant needs to activate internet via Breezeline) Free use of a 50-person Large Conference Room (recently re-carpeted) $500 monthly Leasing options available

  • 1st Fl-Ste 205-RM40
  • 176 SF
  • Office
  • -
  • Now

Quiet location Internet cable already installed (tenant needs to activate internet via Breezeline) Free use of a 50-person Large Conference Room (recently re-carpeted) $500 monthly Leasing options available

  • 1st Fl-Ste F- Room 2
  • 128 SF
  • Office
  • Full Build-Out
  • Now

Quiet location Internet cable already installed (tenant needs to activate internet via Breezeline) $500 monthly Leasing options available

Space Size Space Use Condition Available
1st Fl-Ste 205 RM35 165 SF Office Full Build-Out Now
1st Fl-Ste 205-RM40 176 SF Office - Now
1st Fl-Ste F- Room 2 128 SF Office Full Build-Out Now

1st Fl-Ste 205 RM35

Size
165 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 205-RM40

Size
176 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste F- Room 2

Size
128 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 205 RM35

Size 165 SF
Space Use Office
Condition Full Build-Out
Available Now

Quiet location Internet cable already installed (tenant needs to activate internet via Breezeline) Free use of a 50-person Large Conference Room (recently re-carpeted) $500 monthly Leasing options available

1st Fl-Ste 205-RM40

Size 176 SF
Space Use Office
Condition -
Available Now

Quiet location Internet cable already installed (tenant needs to activate internet via Breezeline) Free use of a 50-person Large Conference Room (recently re-carpeted) $500 monthly Leasing options available

1st Fl-Ste F- Room 2

Size 128 SF
Space Use Office
Condition Full Build-Out
Available Now

Quiet location Internet cable already installed (tenant needs to activate internet via Breezeline) $500 monthly Leasing options available

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-060290
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,437,000
  • Listing ID: 27870365

  • Date on Market: 3/2/2023

  • Last Updated:

  • Address: 22685 Three Notch Rd, California, MD 20619

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