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Vacant-User

FedEx Office Print & Ship Center

11 S Charles St, Baltimore, MD 21201

Listing Price: $3,205,000

Cap Rate
6.65%
Gross SF
9,798
Rentable SF
9,798
Price/Gross SF
$327.11
Lot Size
0.11 acres
Year Built
1912

Investment Overview

Constructed in 1912, this historic FedEx Office Print and Ship Center building in Downtown Baltimore boasts a gross square footage of 9,798 SF spread across its first and second floors. Situated at the corner of S. Charles St and E. Redwood St, the property encompasses a total square footage of 14,479, inclusive of the basement which does not factor into the rent per square foot calculation. The lot size spans 0.11 Acres, offering ample space for operations. With a Net Operating Income (NOI) of $213,107 per year, the lease has been extended for 3 years until April 30, 2027, with an additional 3-year option available. Upon exercising the option, a 10 percent rent increase will be applied, elevating the NOI to $234,466. The lease structure is Triple Net (NNN), with the landlord responsible for the Roof & Structure.

Investment Highlights

  • Prime Location in Downtown Baltimore on a Corner Lot Spanning 0.11 Acres
  • Ample Gross Square Footage of 9,798 SF (Total Property Square Footage of 14,479, Including Basement)
  • Net Operating Income (NOI) of $213,107 Per Year
  • Lease Extended for 3 Years with a 3-Year Option
  • 10% Rent Increase Upon Option Exercise
  • Triple Net (NNN) Lease with Landlord Responsible for Roof & Structure
  • Tenant has been in place since January 2004

Exclusively Listed By

Financing By

Vacant-User

FedEx Office Print & Ship Center

Listing Price: $3,205,000

Cap Rate
6.65%
Gross SF
9,798
Rentable SF
9,798
Price/Gross SF
$327.11
Lot Size
0.11 acres
Year Built
1912

Investment Highlights

  • Prime Location in Downtown Baltimore on a Corner Lot Spanning 0.11 Acres
  • Ample Gross Square Footage of 9,798 SF (Total Property Square Footage of 14,479, Including Basement)
  • Net Operating Income (NOI) of $213,107 Per Year
  • Lease Extended for 3 Years with a 3-Year Option
  • 10% Rent Increase Upon Option Exercise
  • Triple Net (NNN) Lease with Landlord Responsible for Roof & Structure
  • Tenant has been in place since January 2004

Investment Overview

Constructed in 1912, this historic FedEx Office Print and Ship Center building in Downtown Baltimore boasts a gross square footage of 9,798 SF spread across its first and second floors. Situated at the corner of S. Charles St and E. Redwood St, the property encompasses a total square footage of 14,479, inclusive of the basement which does not factor into the rent per square foot calculation. The lot size spans 0.11 Acres, offering ample space for operations. With a Net Operating Income (NOI) of $213,107 per year, the lease has been extended for 3 years until April 30, 2027, with an additional 3-year option available. Upon exercising the option, a 10 percent rent increase will be applied, elevating the NOI to $234,466. The lease structure is Triple Net (NNN), with the landlord responsible for the Roof & Structure.

Exclusively Listed By

Financing By

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