Description
Fully occupied 17,000+sq ft office building in downtown Prince Frederick consisting of 25 office suites. Located within walking distance to the Calvert County municipal buildings and the court houses. Approx 75% of the units have been renovated including luxury vinyl plank flooring and new paint, upgraded moldings, updated bathrooms, new energy efficient light fixtures and wifi thermostats, several new HVAC units, and a architectural shingle roof. There is opportunity to improve the remaining 25% of units to realize that rental increase upon re-renting them. This is a true turn-key opportunity with all service contracts in place and all leases in place with annual increases built in.
Description
Fully occupied 17,000+sq ft office building in downtown Prince Frederick consisting of 25 office suites. Located within walking distance to the Calvert County municipal buildings and the court houses. Approx 75% of the units have been renovated including luxury vinyl plank flooring and new paint, upgraded moldings, updated bathrooms, new energy efficient light fixtures and wifi thermostats, several new HVAC units, and a architectural shingle roof. There is opportunity to improve the remaining 25% of units to realize that rental increase upon re-renting them. This is a true turn-key opportunity with all service contracts in place and all leases in place with annual increases built in.
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