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14808650
14808651

301 Crusader Rd, Cambridge, MD 21613

WC
MD 574198
SVN | Miller Commercial Real Estate Salisbury
HH
MD 15914
SVN | Miller Commercial Real Estate Salisbury
Listed by SVN | Miller Commercial Real Estate Salisbury
$1,150,000
860 days on market
Updated 67 days ago
Opportunity zone

High Credit Investment - Regional Bank

Details
Property Type Retail
Sub Type Bank
Square Footage 8,000
Net Rentable (SqFt) 5,150
Cap Rate 3.49%
NOI $40,143
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.31%
Pro-Forma NOI $107,034
Price per SqFt $144
Year Built 1986
Year Renovated 2021
Acreage 1.060
Zoning Corridor MixedUse

Cambridge, MD

Marketing description

The Hanna team is proud to exclusively present this new investment opportunity of a multi-tenant property in a well-known location in the up-and-coming Cambridge, MD currently going through a renaissance. The property is strategically located just 2-minutes from the historic charming downtown Cambridge and less than 60-seconds from the newly redeveloped "Cambridge Marketplace" with new tenants such as Starbucks, Chick-fil-a, and the new home of the University of Maryland Shore Medical Center (formerly Dorchester General Hospital).

The property is anchored by a strong regional Bank, Summit Community Bank, and has been well maintained with the landscaping and parking lot recently completed, new HVAC units installed, and the interior of the band fully remodeled in 2021. It is a well known-bank location being originally developed for the Bank of The Eastern Shore and with a high barrier to entry this should be a bank location for years to come.

Investment highlights

  • High credit tenant
  • Well-known location
  • Very well maintained w/ attractive curb appeal

Listing Contacts

WC
MD 574198
SVN | Miller Commercial Real Estate Salisbury
HH
MD 15914
SVN | Miller Commercial Real Estate Salisbury
Listed by SVN | Miller Commercial Real Estate Salisbury

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$40,143.00
$3,345.25/mo

Valuation Metrics

0
DSCR
3.49%
Cap Rate
3.49%
ROI

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