Annapolis Commerce Park East

Jones Lang LaSalle Americas, Inc. (“JLL”) as exclusive representative for the Owner, is pleased to present the offering for Annapolis Commerce Park East (the “Property” or “Properties”). Comprised of two flex buildings that collectively measure 103,352 RSF, the assets are 75% leased with 8.2 years of WALT, thereby offering investors an attractive value-add opportunity with downside protection stemming from robust and stable in-place cash flow.

As the full-building tenant of 2009-2011 Commerce Park Drive, Anne Arundel County offers an investor cash flow through their 2037 lease expiration backed by its investment grade credit rating, which at Aaa/AAA/AAA is the highest possible rating (from all three major rating agencies). 2001-2003 Commerce Park Drive is 50% leased to 4 tenants with 3.4 years of WALT, presenting a compelling value-add opportunity in the Annapolis flex submarket which boasts only 4% total availability.

Strategically located within minutes of the region’s primary east-west corridor (Route 50) and north-south arterial (I-97), Annapolis Commerce Park offers outstanding regional accessibility. Furthermore, it sits within a half-mile of Annapolis Mall, which is the region’s premier retail establishment with over 200 shops and restaurants. Downtown Annapolis, with over 80 bars and restaurants, is a 15-minute drive from the Property.

Built in 1989 and 1990, the buildings contain a mix of flex/warehouse product with 18’ clear heights and office. Both buildings offer a number of loading dock doors serving the premises. The assets sit on 7.25 acres across two parcels, which collectively have 256 parking spaces (2.5 per 1,000 SF).

The assets are being offered free and clear of existing debt.