Washington, D.C. MSA - Value Add - Medical Office Building
Affluent Area – Waldorf, Maryland has well above average demographics due to its strategic location near Washington, D.C., the nation’s capital.
Preferred Property Type – Medical office is a preferred property type in today’s capital market environment.
Lease to Market – Old Line Professional Center is 71.2% leased whereas the overall market is 95.4% leased, providing significant upside to lease to market.
In Place Cash Flow – The Property currently generates in-place net operating income of approximately $800k with the opportunity to increase cash-flows as the Property is stabilized.
Newmark Knight Frank (“NKF”) in conjunction with RealINSIGHT Marketplace is exclusively presenting for sale the Old Line Professional Center (the “Property”) in Waldorf Maryland, just outside of Washington, D.C. The 76,017 square foot medical office building was built in 1990 and is currently 71.2% leased to ten tenants.
The three-story medical office building (“MOB”) is well located in Southern Maryland, approximately 23 miles southeast of Washington, D.C. Old Line Professional Center benefits from its strategic location near MD 301, the main north-south corridor in Southern Maryland (in Charles County). MD 301 provides direct accessibility to Interstate 495 (Capital Beltway), the major highway that surrounds Washington, D.C. and the inner suburbs of Maryland and Virginia. Charles County is a desirable bedroom community of Washington, D.C. (the Nation’s Capital) with strong demographics This compelling value add play allows a well-capitalized investor to lease to market (95.4%) and drive existing rents with capital improvements.
CWCapital Markets and Capital Slack are pleased to offer Seller Approved Financing Options for Old Line Professional Center
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Matt Bertram Mike Wieden
Founder & CEO Managing Director
Capital Slack Capital Slack
Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.
Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.
You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
Platform fee for this transaction is 5.00% or a minimum of $25,000.
Lamar P. Fisher
Fisher Auction Company Inc.