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Essex Medical Center

Eastern Blvd, Essex, MD 21221

Listing Price: $1,375,000

Cap Rate
8.18%
Gross SF
9,148
Rentable SF
9,148
Price/Gross SF
$150.31
Lot Size
0.43 acres
Year Built
1965

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 404 Eastern Blvd Essex, Maryland (the “Property”). The Essex Medical Center is a 9,148 SF property on Eastern Blvd located in a heavy traffic area with over 30,000 Vehicles Per Day passing by. The building is 100% occupied with 5 tenants offering diversity and stability. The property has over 30 parking spaces on 3 sides of the building allowing for ease of ingress and egress for tenants and customers alike. Essex is a medium-sized coastal town located om the Chesapeake in the state of Maryland. With a population of 40,330 people and 11 constituent neighborhoods, Essex is the 19th largest community in Maryland. Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Essex is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Essex is a town of sales and office workers, service providers, and professionals. There are especially a lot of people living in Essex who work in office and administrative support (15.46%), sales jobs (10.23%), and management occupations (6.49%). Essex is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.

Investment Highlights

  • Single Story Medical Office Building on Busy Street in Essex
  • Excellent Visibility with 30,000 Vehicles Per Day
  • Several Parking Spaces on 3 Sides of Building for Easy Ingress/Egress
  • Close Proximity to Downtown Baltimore City

Exclusively Listed By

Listing Price: $1,375,000

Cap Rate
8.18%
Gross SF
9,148
Rentable SF
9,148
Price/Gross SF
$150.31
Lot Size
0.43 acres
Year Built
1965

Investment Highlights

  • Single Story Medical Office Building on Busy Street in Essex
  • Excellent Visibility with 30,000 Vehicles Per Day
  • Several Parking Spaces on 3 Sides of Building for Easy Ingress/Egress
  • Close Proximity to Downtown Baltimore City

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 404 Eastern Blvd Essex, Maryland (the “Property”). The Essex Medical Center is a 9,148 SF property on Eastern Blvd located in a heavy traffic area with over 30,000 Vehicles Per Day passing by. The building is 100% occupied with 5 tenants offering diversity and stability. The property has over 30 parking spaces on 3 sides of the building allowing for ease of ingress and egress for tenants and customers alike. Essex is a medium-sized coastal town located om the Chesapeake in the state of Maryland. With a population of 40,330 people and 11 constituent neighborhoods, Essex is the 19th largest community in Maryland. Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Essex is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Essex is a town of sales and office workers, service providers, and professionals. There are especially a lot of people living in Essex who work in office and administrative support (15.46%), sales jobs (10.23%), and management occupations (6.49%). Essex is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.

Exclusively Listed By

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