Court Towers_Actifs en vente
Court Towers_Actifs en vente
210 W Pennsylvania Ave, Towson, MD, 21204-5325, US

Court Towers

Description de l'actif

Jones Lang LaSalle ("JLL"), as exclusive representative for the Owner, is pleased to present this offering for the sale of Court Towers, a 73% leased, 132,502 RSF office building accompanied by an eight-level structured parking garage/333 spaces in the heart of Towson, Maryland.


Caractéristiques de l'actif

Surface de l'actif Net
12 737 m²
57,00 %
Année de construction
Taille du terrain
0,40 hectare (3 966 m²)
Revenu net
1 077 000 €


Points clés d'investissement

Irreplaceable Downtown Towson Location

  • Core of Baltimore’s Most Affluent Market
  • Adjacency to the Baltimore County Circuit Court and County Executive Offices Drives Built-In Law Firm Tenancy Demand
  • Entrenched in Downtown Towson’s 24/7 Amenity Rich Location
  • Highly Accessible from the Affluent Surrounding Suburbs; Less than One Mile From the Baltimore Beltway (I-695)
  • Significant Capital Investment Surrounding the Asset in Each Direction in the Form of Residential and Retail Development

Excellent In-Place Cashflow From a Stable and Diversified Tenant Base With Upside

  • 73% Leased with 61% of Leased SF Accounted for by Law Firms Including Venable (AM Law #67)
  • No Tenant Rollover Exposure Until 2026
  • Only an Average of 8.0% of RBA Expires Annually Through 2031
  • Significant Upside Through Leasing the Remaining Rentable Area as Well as Parking & Coworking Income Growth Through the Planned Adjacent Apartment

Proximate to Major Demand Drivers

  • The County Seat of Baltimore County and County Executive Offices
  • The Baltimore County Circuit Court
  • 2nd Largest Job Market in Maryland Generating $47.7 Billion in Economic Output
  • Hospitals Including: Greater Baltimore Medical Center, University of Maryland St. Joseph Medical Center and Johns Hopkins
  • Colleges Including: Towson University (Maryland’s 2nd Largest College), Goucher College, Loyola University Maryland, and Johns Hopkins

Wealthy Local Demographics Within a 3-Mile Radius

  • Average Household Income of: $130,000
  • 57% of the Population has a Bachelors Degree or Higher
  • 11 Private Schools and 6 Country Clubs

Potential For Seller Financing

  • While it is not the Seller’s Preference, No Debt Exists on the Property and the Seller will Consider Seller Financing if by Doing so There is a Meaningful Benefit to the Offered Terms

Contacter l'équipe

Court Towers (0 actifs)

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Dernière mise à jour
25 avr. 2023