202-775-7091
, Hunt Valley, MD for Sale
Office - FOR SALE
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North Park Office Portfolio
Hunt Valley, MD


HIGHLIGHTS

  • Value add opportunity with optionality
  • Strong cash flow with credit and attractive yields
  • The North Park Portfolio presents a unique opportunity to acquire a substantial office campus situated in a prime location
  • 23 acre site adjacent to Hunt Valley Towne Centre and Hunt Valley Light RailLink Station
  • MLR zoning offers development optionality – conversion to residential, senior living, hospitality

OVERVIEW

Transwestern’s Mid-Atlantic Capital Markets Group is pleased to present the fee simple interest in the North Park Portfolio (the “Portfolio” or “Properties”), a three building, office portfolio totaling 295,392 square feet in the heart of Hunt Valley, Maryland. This investment opportunity provides optionality for buyers: Operate as Office: The Portfolio is currently 63% leased with 5.0 years of WALT providing significant leasing upside for investors with a strategic plan to rebrand the park as the Hunt Valley area continues to grow. Convert to Residential: An investor can rezone the 23.0-acre site to residential or senior living like the Avalon Hunt Valley and Bright View Senior Living developments across the street at the Hunt Valley Towne Centre. Further, the Portfolio is situated on three land parcels providing the owner the opportunity to phase-in rezoning and development. In short, the North Park Portfolio provides an investor with immediate scale in one of the strongest submarkets north of Baltimore. Investors may bid on all three buildings or individual buildings.

ASK ABOUT THIS PROPERTY

Gerry TrainorTranswestern Real Estate ServicesMore Info
202-775-7091

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Gerry TrainorTranswestern Real Estate ServicesMore Info
202-775-7091

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