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Office Medical

Waters Edge Medical

103 Bata Blvd, Belcamp, MD 21017

Listing Price: $5,850,000

Cap Rate
9.00%
Gross SF
23,388
Rentable SF
23,388
Price/Gross SF
$250.13
Occupancy
100.0%
Year Built
2006
Lot Size
2.17 acres

Investment Overview

103 Bata Boulevard is a 23,388 SF single story majority medical office property built in 2009 at a key intersection of State Route 40 and 543 in Belcamp, Maryland. Just minutes from the massive joint military complex of the Aberdeen Proving Grounds and the tremendous development of Perryman Lane Caption industrial and fulfillment complex. The property also taps into the new residential communities via MD 543 which are developing west of I-95. This crossroads between new communities and major employment has proven to the right location JHU Physicians who have renewed again at the Property despite the availability of other medical office in the area. 103 Bata represents an opportunity to acquire a modern mostly medical asset with two stable tenants, at an excellent rate of return. UIC Government Contracting, a minority owned business servicing base contracts, provides another stable and appropriate tenancy to balance out the occupancy of the building. With the existing buildouts, the potential to go 100% medical in the future and tap the aggressive pricing offered by the full MOB market is one of many directions in which the Property can drive value.

Investment Highlights

  • Anchored by Johns Hopkins Physicians (Moodys: A2) for over a Decade, the Property Has Seen Two Renewals to Date in Spite of Alternative Space Available in Surrounding Areas.
  • With 20% Under-Market Leased Medical Space, JHU Physicians Occupies 60% of the Property. There Is Potential to Take the Building 100% Medical Is an Option with Balance of the Property.
  • Highly Visible, Free Standing Location with Retail Frontage at Major Intersection Between New Job and Housing Growth in the Area.

Exclusively Listed By

Office Medical

Waters Edge Medical

Listing Price: $5,850,000

Cap Rate
9.00%
Gross SF
23,388
Rentable SF
23,388
Price/Gross SF
$250.13
Occupancy
100.0%
Year Built
2006
Lot Size
2.17 acres

Investment Highlights

  • Anchored by Johns Hopkins Physicians (Moodys: A2) for over a Decade, the Property Has Seen Two Renewals to Date in Spite of Alternative Space Available in Surrounding Areas.
  • With 20% Under-Market Leased Medical Space, JHU Physicians Occupies 60% of the Property. There Is Potential to Take the Building 100% Medical Is an Option with Balance of the Property.
  • Highly Visible, Free Standing Location with Retail Frontage at Major Intersection Between New Job and Housing Growth in the Area.

Investment Overview

103 Bata Boulevard is a 23,388 SF single story majority medical office property built in 2009 at a key intersection of State Route 40 and 543 in Belcamp, Maryland. Just minutes from the massive joint military complex of the Aberdeen Proving Grounds and the tremendous development of Perryman Lane Caption industrial and fulfillment complex. The property also taps into the new residential communities via MD 543 which are developing west of I-95. This crossroads between new communities and major employment has proven to the right location JHU Physicians who have renewed again at the Property despite the availability of other medical office in the area. 103 Bata represents an opportunity to acquire a modern mostly medical asset with two stable tenants, at an excellent rate of return. UIC Government Contracting, a minority owned business servicing base contracts, provides another stable and appropriate tenancy to balance out the occupancy of the building. With the existing buildouts, the potential to go 100% medical in the future and tap the aggressive pricing offered by the full MOB market is one of many directions in which the Property can drive value.

Exclusively Listed By

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