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28271938
28271937

2661 Riva 400 Office Park Building 1000, Annapolis, MD 21401 For Sale

CC
MD MD 660258
Hyatt Commercial
JM
MD 629251
Hyatt Commercial
Hyatt Commercial
Hyatt Commercial
Listed by Hyatt Commercial
Unpriced
248 days on market
Updated 1 day ago

2661 Riva 400 Office Park Building 1000

Details
APN 20265990040554
Property Type Office
Sub Type Traditional Office
Square Footage 51,447
Occupancy 67%
Tenancy Multi
Lease Type Modified
Lease Term 5
Broker Co-Op Yes
Class B
Year Built 1988-89
Year Renovated 2021
Buildings 1
Stories 6
Acreage 5.007
Zoning C2 Anne Arundel County
Parking Spaces 209 spaces
Parking per 1,000 SqFt 4.06
Investment Type Value Add
Ownership Fee Simple Condominium

Annapolis office asset with steady tenants and lease up opportunity.

Marketing description

2661 Riva Road Building 1000 represents a premier office acquisition opportunity within Annapolis, Anne Arundel County’s most resilient submarket. The building anchors the prestigious 2661 Riva Road Office Park, in a serene setting surrounded by trees, with dual front and rear grade-level entrances, and abundant parking. Building 1000 has strong historical tenant tenure with 3 of the 6 current tenants having occupied for over 20 years. The typical initial lease term in the building is 5 years. Currently 67% occupied - based on the Rent Roll across 34,395 RSF - the building’s 17,052 RSF of vacant space consists of five smaller suites aligned with market demand.

Professionally managed office building in Annapolis with potential for an owner user or investor to purchase and add value through lease up. The building sits in a tranquil setting surrounded by nature on three sides, with private balcony access for the fifth floor tenants and a large conference room available for all tenants to use as a building amenity.


Investment highlights

    • 51,447 SF Class B office building
    • 67% leased with 6 tenants
    • Weighted Average Lease Term: 3.24 years
    • 17,052 RSF vacant across 5 suites
    • Dual front/rear grade-level entrances
    • Fifth-floor private balconies and large conference room
    • Tranquil, nature-surrounded location
    • Potential for owner-user or investor lease-up value-add

    Listing Contacts

    CC
    MD MD 660258
    Hyatt Commercial
    JM
    MD 629251
    Hyatt Commercial
    Hyatt Commercial
    Hyatt Commercial
    Listed by Hyatt Commercial

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    Additional Information

    Name
    Cecil Cummins
    License
    MD 660258
    *All information is deemed reliable but not guaranteed. Buyer to verify all information.
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