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3-13 Red Pump Rd
Bel Air, MD 21014
Red Pump Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Service-Oriented Center with Seasoned Tenants and Upside
- Small Format Tenancy with Structured Increases Throughout the Rent Roll
- Balanced Rent Roll with Synergistic Uses
- Extremely Affluent Submarket, Residential Growth and Continued Retail Redevelopment
EXECUTIVE SUMMARY
KLNB Retail Capital Markets is pleased to exclusively offer for sale the fee simple interest in Red Pump Shopping Center, a fully occupied, service-oriented retail strip center totaling approximately 7,000 square feet in the affluent Bel Air submarket of Harford County, Maryland. Anchored by a stable roster of five seasoned tenants with an impressive average tenure of 15+ years, the property showcases exceptional tenant loyalty and performance. The offering presents an investor with a value-add opportunity through an active leasing and mark-to-market campaign.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,000 SF
Building Class
C
Year Built
1987
Price
$2,000,000
Price Per SF
$285.71
Cap Rate
7%
NOI
$140,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.94 AC
Zoning
B-1, County
Parking
40 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03-183130 | Improvements Assessment | $604,200 |
| Land Assessment | $705,200 | Total Assessment | $1,309,400 |
PROPERTY TAXES
Parcel Number
03-183130
Land Assessment
$705,200
Improvements Assessment
$604,200
Total Assessment
$1,309,400
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