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Office

West Street Office

1200 West St, Annapolis, MD 21401

Listing Price: $1,200,000

Cap Rate
3.84%
Gross SF
5,324
Rentable SF
5,324
Price/Gross SF
$225.39
Lot Size
0.40 acres
Year Built
1930

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 1200-1202 West St Annapolis, Maryland (the “Property”). The 5,324-square-foot property is located on a premium corner on West St. This 100 percent occupied building is ideal for many types of office and retail users seeking visibility and easy access. Over 30,000 Vehicles Per Day pass by 1200-1202 West St making this an ideal location for investment or owner/user. Maryland's capital city is known as the "Sailing Capital of the World" as all roads lead to the water and a nautical heritage intrinsically linked to the Chesapeake Bay. Annapolis is an upbeat, lively urban city where centuries of architecture and history meet you by the water on Main Street. Annapolis is also host to several award winning restaurants, hotels and entertainment spots throughout the city. Annapolis has long had its economic base in federal, state, and local government, aided by its quick access to Washington, D.C. The top employer for Annapolis is state and local government which accounts for 17,322 jobs followed by the Naval Academy with 2,340. Annapolis is among the best educated and highly skilled work forces in the nation. More than 82 percent of the Annapolis work force has a high school diploma and 38.7 percent hold a college degree. Anne Arundel County has 223 businesses that employ 100 or more workers. In more recent years Annapolis is rapidly becoming a center for high-tech industrial development as well. The city's location in the high-tech corridor between Baltimore and Washington, D.C. helps attract and retain technology companies and services. Annapolis offers a diverse industry base of maritime, cybersecurity, advanced technology, professional and business services, and tourism is a stable generator of job creation and business opportunities with $1.4B annually. Situated along major highways such as I-97 and US-50 also make this area an ideal business location.

Investment Highlights

  • Great Location on a Busy Street with over 30,000 Vehicles Per Day in Traffic Count
  • Over 5,000 Square Feet of Office Space and 17 Parking Spaces Making This One of the Larger and More Functional Small Office Buildings in the Annapolis Area
  • Strong Demand for Professional Services in the Annapolis Market
  • 100% Occupied with Month to Month Leases
  • Very Close Proximity to Historic Downtown Annapolis with Many Fine Restaurants, Retail Shops and the Water Taxi
  • Very Close to Local, State and Federal Government Agencies

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Listing Price: $1,200,000

Cap Rate
3.84%
Gross SF
5,324
Rentable SF
5,324
Price/Gross SF
$225.39
Lot Size
0.40 acres
Year Built
1930

Investment Highlights

  • Great Location on a Busy Street with over 30,000 Vehicles Per Day in Traffic Count
  • Over 5,000 Square Feet of Office Space and 17 Parking Spaces Making This One of the Larger and More Functional Small Office Buildings in the Annapolis Area
  • Strong Demand for Professional Services in the Annapolis Market
  • 100% Occupied with Month to Month Leases
  • Very Close Proximity to Historic Downtown Annapolis with Many Fine Restaurants, Retail Shops and the Water Taxi
  • Very Close to Local, State and Federal Government Agencies

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 1200-1202 West St Annapolis, Maryland (the “Property”). The 5,324-square-foot property is located on a premium corner on West St. This 100 percent occupied building is ideal for many types of office and retail users seeking visibility and easy access. Over 30,000 Vehicles Per Day pass by 1200-1202 West St making this an ideal location for investment or owner/user. Maryland's capital city is known as the "Sailing Capital of the World" as all roads lead to the water and a nautical heritage intrinsically linked to the Chesapeake Bay. Annapolis is an upbeat, lively urban city where centuries of architecture and history meet you by the water on Main Street. Annapolis is also host to several award winning restaurants, hotels and entertainment spots throughout the city. Annapolis has long had its economic base in federal, state, and local government, aided by its quick access to Washington, D.C. The top employer for Annapolis is state and local government which accounts for 17,322 jobs followed by the Naval Academy with 2,340. Annapolis is among the best educated and highly skilled work forces in the nation. More than 82 percent of the Annapolis work force has a high school diploma and 38.7 percent hold a college degree. Anne Arundel County has 223 businesses that employ 100 or more workers. In more recent years Annapolis is rapidly becoming a center for high-tech industrial development as well. The city's location in the high-tech corridor between Baltimore and Washington, D.C. helps attract and retain technology companies and services. Annapolis offers a diverse industry base of maritime, cybersecurity, advanced technology, professional and business services, and tourism is a stable generator of job creation and business opportunities with $1.4B annually. Situated along major highways such as I-97 and US-50 also make this area an ideal business location.

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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