Listed by Baldus Real Estate
$1,890,000
1276 Bannister Circle Waldorf
Details
Property Type Retail
Sub Type Commercial
Square Footage 8,464
Cap Rate 8.50%
NOI $165,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 12/29/2032
Remaining Term 7
Year Built 1982
Acreage 0.580
Zoning PUD - Planned urban development
Parking Spaces 40 spaces
Parking per 1,000 SqFt 4.73
Established and financially strong single use tenant in place through 2032.
Marketing description
Investment opportunity with long term and established single tenant
Investment highlights
- Property: 8,464 net rentable square feet, .58 acres, with access to ~40 parking spaces. Built in 1982, the property is currently 100% occupied with one tenant.
- Zoning: PUD - Planned urban development. All uses must be approved by the St. Charles Planning design and review board.
- Market: Located in Charles County, Maryland with a total population of ~172,000 residents and median household income of ~$120,000.
- Net Operating Income: $165,000 or 8.5% Cap Rate. (Appraisal from March of 2024 valued at $2,350,000 and is available upon request)
- Exterior View: Second level: 2 stairwells access 4 individual suites. (all in use by the current tenant)
- Interior View: First level: lobby area with front and rear entrance with access to 4 individual suites. (all in use by the current tenant)
- Exterior View: Rear of the building that shows second access point and additional parking.
Listing Contacts
Listed by Baldus Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo
Valuation Metrics
0
DSCR
8.73%
Cap Rate
8.73%
ROI
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