6918 Ridge Road, Rosedale, Baltimore County, Maryland, 21237, United States
Combine a real estate investment with your medical practice–let the rents pay your mortgage and move your business in rent-free! Or, purchase this medical office complex for its cash flow as a great addition to your investment portfolio. This medical office complex is located directly across the street from MedStar Health Franklin Square Hospital, and just 1.5 miles from a major highway interchange. Location, Location, Location!
6918 Ridge Rd is comprised of two 2-story buildings connected by a breezeway. Tenants include Fuller Pharmacy; a Podiatrist’s office; and a Mental Health Counselling office. The owners operate their Cardiology and Internal Medicine practices from the location as well, and will sign 3-year leases at the option of the buyer.
These brick buildings feature plate glass windows, modern heating and air conditioning systems, and built-up roofs. Multiple electric meters make it simple for tenants to pay their own electric consumption. A savvy owner could increase returns by adding CAM to the rents. A 63-car asphalt parking lot provides ample parking for patients and staff.
MedStar Health Franklin Square Medical Center sits just across Rossville Blvd. This hospital’s ER sees over 80,000 patients every year, and staffs over 3,000 medical professionals. The Community College of Baltimore County (CCBC) Essex Campus is 0.3 mile from 6918 Ridge Rd; CCBC enrolls 54,000 students per year. Heavy traffic from these campuses provides excellent exposure for 6918 Ridge Rd.
Estimated daily traffic count at Franklin Square Dr & Rossville Blvd is 34,000. The junction of I-95 and I-695 is close by, allowing easy access from all parts of Greater Baltimore.
Investment Summary: $1,850,000 $168 Per Sq. Ft. 10.4 Times Market Rent (GRM) 6.55% Cap Rate 6.4% Projected Cash-On-Cash Return
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman