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Shopping Strip

Aspen Dental Anchored Strip

1270 E Joppa Rd, Towson, MD 21286

Listing Price: $6,756,031

Cap Rate
6.50%
Gross SF
14,175
Rentable SF
14,175
Price/Gross SF
$476.62
Lot Size
1.94 acres
Year Built
2018

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in Loch Raven Commons in the desirable Baltimore suburb of Towson, Maryland (the “Offering”). Constructed in 2018, the Offering was master planned by the present ownership along with the adjacent Wawa and luxury apartment community. The two buildings, totaling approximately 14,000 square-feet, are 100% leased by four quality brands offering a variety of services to the community. The Offering presents an investor the opportunity to acquire a newly constructed building with the security of a 6.5-year average weighted lease term (WALT) remaining, and a compounded NOI growth rate near 2% which will fend off inflationary pressures.

Investment Highlights

  • 71% of Revenues from Implied Credit Brands
  • Shadow-Anchored by Wawa
  • Infill Core Towson Location

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Financing By

Shopping Strip

Aspen Dental Anchored Strip

Listing Price: $6,756,031

Cap Rate
6.50%
Gross SF
14,175
Rentable SF
14,175
Price/Gross SF
$476.62
Lot Size
1.94 acres
Year Built
2018

Investment Highlights

  • 71% of Revenues from Implied Credit Brands
  • Shadow-Anchored by Wawa
  • Infill Core Towson Location

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in Loch Raven Commons in the desirable Baltimore suburb of Towson, Maryland (the “Offering”). Constructed in 2018, the Offering was master planned by the present ownership along with the adjacent Wawa and luxury apartment community. The two buildings, totaling approximately 14,000 square-feet, are 100% leased by four quality brands offering a variety of services to the community. The Offering presents an investor the opportunity to acquire a newly constructed building with the security of a 6.5-year average weighted lease term (WALT) remaining, and a compounded NOI growth rate near 2% which will fend off inflationary pressures.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Financing By

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