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 squarefoot building constructed in 2019, offering 85% occupancy with a remaining +/- 3,000 square feet to lease or operate. 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.The remaining vacant +/-3,000 square feet is in raw shell condition, providing future tenants optimalarchitectural and construction flexibility in designing their individualized floor plans.Acquiring this property provides investors with 20,000 square feet of Class A medical and professionaloffice, constructed to exceed building efficiency code requirements and provide ample parking. Thisbuilding's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), anddowntown Easton offers easily-accessed amenities and quality restaurant options, making this anattractive option for any tenant seeking space within this market
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 squarefoot building constructed in 2019, offering 85% occupancy with a remaining +/- 3,000 square feet to lease or operate. 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.The remaining vacant +/-3,000 square feet is in raw shell condition, providing future tenants optimalarchitectural and construction flexibility in designing their individualized floor plans.Acquiring this property provides investors with 20,000 square feet of Class A medical and professionaloffice, constructed to exceed building efficiency code requirements and provide ample parking. Thisbuilding's proximity to Route 50, the University of Maryland Shore Medical Center (0.50 miles), anddowntown Easton offers easily-accessed amenities and quality restaurant options, making this anattractive option for any tenant seeking space within this market
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