Sequoia Center | 505-507 Reisterstown Rd
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Sequoia Center 505-507 Reisterstown Rd
11,049 SF 100% Leased Retail Building Pikesville, MD 21208 For Sale
Investment Highlights
- 100% Occupied to 6 Tenants, with YOY history of high occupancy
- NOI of +$167,000!
- Professionally managed and maintained by same owners for decades
- Straightforward NNN lease structures, with escalations and term
- Ample parking; easy access from either Reisterstown Rd or Slade Ave
- Highly visible with signage on Reisterstown Rd, Pikesville's major artery
Executive Summary
Trout Daniel & Associates has been retained as exclusive representative of the owner for the sale of Sequoia Center, a 11,048 SF retail center on 0.82 AC located in Pikesville, Baltimore County.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,049 SF
Building Class
C
Year Built
1961
NOI
£131,950
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.05
Land Acres
4.62 AC
Zoning
BL - Business Local
Parking
40 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
93 ft on Reisterstown Rd
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 03-0307053046 | Improvements Assessment | £184,729 |
Land Assessment | £304,979 | Total Assessment | £489,707 |
PROPERTY TAXES
Parcel Number
03-0307053046
Land Assessment
£304,979
Improvements Assessment
£184,729
Total Assessment
£489,707
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Sequoia Center | 505-507 Reisterstown Rd
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