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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
8277647

499 Idlewild Ave, Easton, MD 21601

NAI Coastal - Salisbury
Listed by NAI Coastal - Salisbury
$6,900,000
1339 days on market
Updated 2 days ago

499 Idlewild Ave

Details
Property Type Office
Sub Type Medical Office
Square Footage 20,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $345
Class A
Year Built 2021
Stories 1
Parking Spaces spaces

Office | 20,000 SqFt

Marketing description

499 Idlewild Ave., Easton, MD Is a unique opportunity to own recently built, triple-net, commercial real estate in the Easton medical and professional corridor.

This acquisition provides investors with an income-producing property consisting of a 20,000 square foot building constructed in 2019, offering 100% occupancy. Present tenants all exceed five-year terms with strong financial and tenancy records. This property has the potential to provide a significant Return on Investment within the first few years of ownership, following a projected Pro Forma which reflects market rate and standard escalation and terms in the Easton professional space market.

Acquiring this property provides investors with 20,000 square feet of Class A medical and professional office, constructed to exceed building efficiency code requirements and provide ample parking. This building's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), and downtown Easton offers easily-accessed amenities and quality restaurant options, making this an attractive option for any tenant seeking space within this market.

Investment highlights

New, Class A Construction

Income-producing

Located within the Easton, MD medical corridor, and adjacent to Route 50

Listing Contacts

NAI Coastal - Salisbury
Listed by NAI Coastal - Salisbury

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