Skip to main content

Office

Value-Add Office

305 W Chesapeake Ave, Towson, MD 21204

Listing Price: $6,250,000

Gross SF
79,244
Rentable SF
79,244
Price/Gross SF
$78.87
Lot Size
2.00 acres
Year Built
1965

Investment Overview

The office building located at 305 W Chesapeake Ave in Towson, Maryland is 79,244 square feet on 2 acres. The property is located a mile and a half from Towson’s central business district, approximately 2 miles away from Interstate 695, and is close to Towson University and Goucher College. In addition, the property is 13 miles away from downtown Baltimore. The property has a diversified tenant roster. The investment is a value-add opportunity for an investor to lease-up the building and increase rents overtime. The current owner recently updated the interior common areas and added two new elevators. The building also implemented an efficiency program for electrical & utility services decreasing tenant expenditures. Towson is expanding their business operations by adding the first public transit service called the Towson Loop. In addition, the town has a $350 million mixed-use project in place, named Towson Row, that plans to add 1,200,000 square feet of retail, hospitality and office in downtown Towson. The project is located down the street from the Subject Property, and is anchored by a Whole Foods, which is set to open in the first two weeks of 2022. There is more than $1.7 billion in private & public development underway within half mile of the Subject Property.

Investment Highlights

  • Investment Opportunity to Acquire, Value-Add, Multi-Tenant Office Building
  • 55% Occupied –Significant Upside in Lease Up of Vacant Suites, and Rent Growth in Tight Office Market
  • Value-Add Opportunity with ~36k Square Feet Available for Immediate Occupancy

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) MD: 5005538

    Maryland

Office

Value-Add Office

Listing Price: $6,250,000

Gross SF
79,244
Rentable SF
79,244
Price/Gross SF
$78.87
Lot Size
2.00 acres
Year Built
1965

Investment Highlights

  • Investment Opportunity to Acquire, Value-Add, Multi-Tenant Office Building
  • 55% Occupied –Significant Upside in Lease Up of Vacant Suites, and Rent Growth in Tight Office Market
  • Value-Add Opportunity with ~36k Square Feet Available for Immediate Occupancy

Investment Overview

The office building located at 305 W Chesapeake Ave in Towson, Maryland is 79,244 square feet on 2 acres. The property is located a mile and a half from Towson’s central business district, approximately 2 miles away from Interstate 695, and is close to Towson University and Goucher College. In addition, the property is 13 miles away from downtown Baltimore. The property has a diversified tenant roster. The investment is a value-add opportunity for an investor to lease-up the building and increase rents overtime. The current owner recently updated the interior common areas and added two new elevators. The building also implemented an efficiency program for electrical & utility services decreasing tenant expenditures. Towson is expanding their business operations by adding the first public transit service called the Towson Loop. In addition, the town has a $350 million mixed-use project in place, named Towson Row, that plans to add 1,200,000 square feet of retail, hospitality and office in downtown Towson. The project is located down the street from the Subject Property, and is anchored by a Whole Foods, which is set to open in the first two weeks of 2022. There is more than $1.7 billion in private & public development underway within half mile of the Subject Property.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): MD: 5005538

    Maryland

MM Texture Background
MM Textured Background Lower