Investment Overview

Marcus & Millichap is pleased to present 2933 Ocean Gateway, Cambridge, Maryland. This building was constructed in 1971 and is comprised of 4,758 square feet situated on 3.73 acres of land. The building is 100 percent occupied by Bayside Animal Hospital, operating under a double-net lease structure with 1.025% annual rental increases and two 5-year renewal options. There are approximately 6 years and 9 months remaining on the lease term, and the lease is backed by a corporate guarantee from Vetco. Established in 1997, Vetcor has built a community-centric veterinary services company supporting over 850 practices across the US and Canada. Vetcor practices thrive with access to a collaborative network while staying true to themselves and their community. All of their practices have a shared goal of providing excellent care and service to both patients and clients in their communities. Bayside Animal Hospital has been in business since 1980 and has grown tremendously over the last few decades. The state-of-the-art facility was renovated in 2002, and ownership has added more veterinarians and support staff. This facility is an AAHA Accredited Hospital. The hospital offers an array of services from diagnostic and surgical procedures to dental care and much more. There is an on-site pharmacy that offers specialty foods and medications for preventative care and illnesses, including flea and tick preventatives.