9505 Reisterstown Rd
Owings Mills, MD 21117
Greenspring Valley Office Center · Office Property For Sale

Public Auction: **Opening Bid $1,000,000** 27,873 +/- sq. ft. Brick Office Building (known as the Greenspring Valley Office Center) in the "Pikesville/Owings Mills" area of Baltimore County **Gross Potential Annual Rental Income of $362,442** Auction to be held on the premises and online simulcast Thursday, May 24th @ 12PM Excellent opportunity for an end user or an investor! 3-story, 27,873 +/- SF low rise class B office building constructed in 1985 on 1.42 +/- acres. The site has a 4/1000 parking ratio with a total of 103+/- total spaces (surface and garage). The building features high ceilings, underground parking garage, marble and glass atrium lobby, and is currently divided into 10 private suites ranging from 1,100-4,300+/- square feet. Location • Prominently located Reisterstown Road and intersection of Greenspring Valley Road • Minutes away from I-695 and I-795 • High visibility with over 35,000 cars per day • Large signage fronting Reisterstown Road Highlights • Elevator service • Ample Parking (73+/- surface parking spaces) • Underground garage parking (30+/- spaces) • All suites have private entraces • Each suite has its own central HVAC • Large 3 story marble and glass atrium lobby • Each floor has it's own men's and women's bathrooms • Suites feature extensive windows and natural light • Zoned OR-1 Recent Capital Improvements • Parking lots & curbs replaced in 2011 • Numerous HVAC replacement • Extensive and lush landscaping Financial Highlights • Many tenants with long term leases • Many tenants have annual rental increases • Tenants pay for their own cooling and heating (heat pump) • Landlord pays for water/sewer Diligence Package: Coming Soon Leases, rent roll with lease abstracts, P&L with 2017 Pro Forma, are located in the documents section of the auctioneers website. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Link below. OnlineBidding notes: Auction to be held on the premises and online simulcast Thursday, May 24th @ 12PM The $25,000 initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running iOS or Android.