5610, Harford Road, Westfield, Towson, Maryland, 21214, USA
Can you find a better deal? 5610 Harford Rd. is a 15,000 sq. ft. office building comprised of 3 floors, with a 11.22% cap rate and 18.0% projected cash-on-cash return on investment.
Elevator service makes all floors ADA-accessible. Fire sprinkler systems on ground floor and second floor. C-2 zoning allows many business uses, including office, day care, and restaurant. Building is currently built-out as and has historically been used as office space.
Baltimore City Health Department WIC program, a long-term tenant tenant since 2004, occupies 1/3 of the building (ground floor).
More Than Friends, and adult day care center, occupies another 1/3 of the building (ground floor).
Top floor is partly occupied by owner, who can sign a long-term lease and stay or vacate depending on purchaser’s preference. 4,000 +/- sq. ft. is currently vacant, making this building perfect for either an owner/user or an investor. This vacant space was previously leased at $5,700/month!
Hamilton was named #4 in Redfin’s top “10 hottest affordable neighborhoods in the U.S.” Jump on this chance to own a cash-producing asset in an up-and-coming neighborhood!
$66 per square foot
6.1 Times current actual rent (GRM)
4.3 Times Projected Annual Rent (GRM)
11.22% Cap Rate
18.0% Projected cash-on-cash return on investment