Description
2340 Monumental Avenue comprises +/-0.92-acres, zoned ML/IM, and is improved with an existing 2-story +/-9,500 sf flex office building. The current NNN-lease is in place through February 2026, with two extensions and 2% annual rent escalations. Based on the existing annual lease rate, the property is valued at an 8.1% cap rate.The property presents an enticing opportunity for an end user to flourish in an established submarket. The property is conveniently located in close proximity to Downtown Baltimore and the major regional employment center, Fort Meade (Anne Arundel County). An ideal location for an owner/user or contractor+GGs yard, the property provides ample parking and fenced storage space.
Description
2340 Monumental Avenue comprises +/-0.92-acres, zoned ML/IM, and is improved with an existing 2-story +/-9,500 sf flex office building. The current NNN-lease is in place through February 2026, with two extensions and 2% annual rent escalations. Based on the existing annual lease rate, the property is valued at an 8.1% cap rate.The property presents an enticing opportunity for an end user to flourish in an established submarket. The property is conveniently located in close proximity to Downtown Baltimore and the major regional employment center, Fort Meade (Anne Arundel County). An ideal location for an owner/user or contractor+GGs yard, the property provides ample parking and fenced storage space.
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