For Sale: White Marsh Health Center, White Marsh, Md.

PROPERTY OVERVIEW

8114 N. Sandpiper Circle is 44,989 (RSF) square foot medical office building constructed in 1986. Located on 3.99 acres, the Property features ample parking with 200 surface spaces representing 5.96 spaces/1,000 square feet.

The Property features one point of ingress and egress along Sandpiper Circle, a corridor heavily populated with similar office and medical office buildngs. Located just off Honeygo Boulevard, which sees over 30,000 vehicles pass each day, the Property is situated adjacent to major retail and just a quick five minute drive to MedStar Fanklin Square Hospital & Medical Center.

The Seller has elected to market the property with a value of $7,000,000.

LOCATION

White Marsh is a planned 2,000-acre, mixed-use community adjacent to I-95, approximately 11 miles northeast of downtown Baltimore. Designated an official growth area in 1983, White Marsh is one of the fastest-growing areas in the county with more than 3.8 million square feet of business development over the past decade. Clusters of financial, insurance and health care operations, light manufacturing, technology and distribution surround a vibrant town center.

TENANTS

White Marsh Health Center is currently 68.9% occupied with 13 tenants. Occupying 5,174 SF – American Red Cross represents the largest tenant in the subject property through December 2017 and comprises approximately 11.5% of the rentable square footage in the building. Other tenants in the facility include Quest Diagnostics, Franklin Square Hospital, as well as a variety of regional healthcare providers.

SECURITY OF INVESTMENT

The subject property is a prominent asset that is well located among strong retail and residential presences making it a high traffic and easily accessible location. Additionally, the in-place rents are replaceable with potential upside as net absorption takes place. The long-term history of tenancy at the building bodes well for future occupancy.

For more information on this listing, please visit: White Marsh Health Center

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