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Office Warehouse

2222 N Howard St

2222 N Howard St, Baltimore, MD 21218

Listing Price: $1,800,000

Cap Rate
7.20%
Gross SF
14,000
Price/Gross SF
$128.57
Lot Size
0.35 acres
Year Built
1958
Rentable SF
12,500

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 2222 N Howard St Baltimore, Maryland. The property is a three story building with a 9,000-square-foot warehouse on the first floor and 3,500 square feet of office space on the upper two floors, each separately metered. With over 25,000 VPD, the property has high visibility and is an ideal location for E-Commerce, retail or service industries Located within Baltimore Midtown, the property has a population of Over 100,000 within 1.5 miles making it an excellent location to meet last mile delivery demand as E-Commerce continues to grow at a rapid rate. Also, the property is within 0.7 Miles of Baltimore Penn Station and the University of Baltimore Royal Transit Point giving the location easy access via public transportation. Go Puff is a national E-Commerce company that delivers cleaning supplies, over the counter medicine, food, beverages, electronics, baby essentials and more. Go Puff currently leases out 72 percent of the building and has three years left on their lease. With such a high need for last mile space and close proximity to urban dense populations, properties such as 2222 N Howard St will continue to remain in strong demand.

Investment Highlights

  • $129,000 Net Operating Income
  • 100% NNN Leased with Tenants Paying Through The Pandemic
  • Roof and HVAC Are Less than 2 Years Old
  • Separate Parking on Each Side of Building for Tenants
  • 3 Years Remaining on Both Leases with 2 Options

Exclusively Listed By

Listing Price: $1,800,000

Cap Rate
7.20%
Gross SF
14,000
Price/Gross SF
$128.57
Lot Size
0.35 acres
Year Built
1958
Rentable SF
12,500

Investment Highlights

  • $129,000 Net Operating Income
  • 100% NNN Leased with Tenants Paying Through The Pandemic
  • Roof and HVAC Are Less than 2 Years Old
  • Separate Parking on Each Side of Building for Tenants
  • 3 Years Remaining on Both Leases with 2 Options

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 2222 N Howard St Baltimore, Maryland. The property is a three story building with a 9,000-square-foot warehouse on the first floor and 3,500 square feet of office space on the upper two floors, each separately metered. With over 25,000 VPD, the property has high visibility and is an ideal location for E-Commerce, retail or service industries Located within Baltimore Midtown, the property has a population of Over 100,000 within 1.5 miles making it an excellent location to meet last mile delivery demand as E-Commerce continues to grow at a rapid rate. Also, the property is within 0.7 Miles of Baltimore Penn Station and the University of Baltimore Royal Transit Point giving the location easy access via public transportation. Go Puff is a national E-Commerce company that delivers cleaning supplies, over the counter medicine, food, beverages, electronics, baby essentials and more. Go Puff currently leases out 72 percent of the building and has three years left on their lease. With such a high need for last mile space and close proximity to urban dense populations, properties such as 2222 N Howard St will continue to remain in strong demand.

Exclusively Listed By

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