100 W Antietam - 41-43 Summit Ave
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100 W Antietam - 41-43 Summit Ave
2 Office Properties Offered at £1,882,584 in Hagerstown, MD
Investment Highlights
- Long-Term Sale Leaseback + Upside
- Adjacent to Newly Constructed Meritus Park Baseball Stadium
- Approximately 20,000 Square Feet, Two Story Office
- Current Occupancy of approximately 80%
- New Ten (10) Year Lease on 65% of the total property square footage
- Annual Rent Escalations. Newly inked Five (5) lease with Maryland Wellness & Recovery until June, 2029
Executive Summary
100 W Antietam - 41-43 Summit Ave Hagerstown
Value-Add Investment Opportunity
$2,150,000 – 9.0% Cap Rate
DC Metro Region
Approximately 20,000 Square Feet, Two Story Office
Current Occupancy of approximately 70%
Adjacent to Newly Constructed Meritus Park Baseball Stadium
New Ten (10) Year Lease on 52% of the total building square footage
Annual Rent Escalations
Value-Add Investment Opportunity
$2,150,000 – 9.0% Cap Rate
DC Metro Region
Approximately 20,000 Square Feet, Two Story Office
Current Occupancy of approximately 70%
Adjacent to Newly Constructed Meritus Park Baseball Stadium
New Ten (10) Year Lease on 52% of the total building square footage
Annual Rent Escalations
Property Facts
| Price | £1,882,584 | Number of Properties | 2 |
| Price / SF | £98.05 / SF | Individually For Sale | 0 |
| Net Initial Yield | 8.06% | Total Building Size | 19,200 SF |
| Sale Type | Investment | Total Land Area | 0.62 AC |
| Status | Active |
| Price | £1,882,584 |
| Price / SF | £98.05 / SF |
| Net Initial Yield | 8.06% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,200 SF |
| Total Land Area | 0.62 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 41-43 N Summit Ave, Hagerstown, MD 21740 | Office | 6,800 SF | 1900 | - |
|
Wright-Gardner Building
100 W Antietam St, Hagerstown, MD 21740 |
Office | 12,400 SF | 1900 | - |
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Andrew Borsa -
Julian Etches -
Joseph Donegan -
Scheer Partners
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100 W Antietam - 41-43 Summit Ave
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