11320 York Rd - Bank FOR SALE


Cockeysville, MD 21030
$6,570,666 USD
310-909-5426
11320 York Rd, Cockeysville, MD for Sale
$6,570,666 USD
Bank - FOR SALE
1/6
null | 5.25% Cap Rate

11320 York Rd
Cockeysville, MD 21030


HIGHLIGHTS

  • Numerous Surrounding Office Buildings Provide a Dense Daytime Employee Population and a Combined VPD of 45,000
  • Bank of America Corporation (BoA; S&P- A+) Is the 2nd Largest Bank in the US by Total Assets and the 6th Largest in the World As of Q1 2024
  • Benefits from its Prime Location a Half Mile from the Merrill Lynch Investment Services Building, an Investment Management Company
  • Absolute NNN Ground Lease With No Landlord Responsibilities
  • +5 Years Remaining on the Term With 5 x 5-Year Options To Renew Remaining and Features Generous Increases of 12% Every 5 Years
  • Part of the Baltimore MSA—the Largest City in Maryland With a Population of Over 2.84 Million

OVERVIEW

Strategically located within an Office Building Pocket and adjacent to the bustling Hunt Valley Towne Centre, this property benefits by popular retailers such as Dick’s Sporting Goods, Marshalls, and DSW. The site benefits significantly from a shared driveway with the McCormick Global Headquarters, a leader in flavor operating in 170 countries, ensuring a steady flow of traffic and visibility. With approximately 45,000 vehicles passing daily, fueled by a dense daytime employee population from numerous surrounding office buildings, the location offers exceptional foot traffic. Furthermore, being just half a mile from the Merrill Lynch Investment Services Building adds to its appeal, as it sits in a region recognized for its vibrant economic activity within the Baltimore MSA. The property is anchored by a solid investment structure, featuring an absolute NNN ground lease with no landlord responsibilities and over five years remaining on the term, including five renewal options. The lease incorporates generous 12% increases every five years, ensuring a favorable return on investment. Notably, the ground lease is a relocation of a former Bank of America branch, which previously boasted the highest deposits in the area. Bank of America, as the second-largest bank in the United States, enhances the property's desirability, especially following Maryland’s recognition as the most improved state for business by CNBC in July 2021. With surrounding tenants like Giant Food, Starbucks, and UPS Store, this property stands poised for continued success in a thriving urban center that attracts both residents and professionals alike.

FOR SALE DETAILS

PRICE

$6,570,666 USD

PRICE/SF

$1,820 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America | Top 1% in Deposits | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

ML, Baltimore

APN/PARCEL ID

08-2200023489

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-909-5426

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Robert NarchiMarcus & MillichapMore Info
310-909-5426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.