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.