Shopping mall in Maryland

17,000,000 $
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Total area: 8,382 m² Yield: 6.0% Built in 1962
  • Land area: 50,911 m²
  • 1-floor building
  • Percentage of the rented area: 100%
  • Total rooms: 14

It is a shopping mall in Maryland.

Description

Mall area of 8,382 m², plot of 50,911 m², was built in 1962.

The building is in good overall condition, there are regular renovationts and sanations.

All 14 premises are fully leased to various tenants.

There are also 2 pad-sites.

Financial performance

The current yield of 6–7%.

There is potential to increase yields by negotiations of the final financial terms with the seller, as well as construction of additional and leasing of vacant leasable space as well as indexing rental rates.

Tenants

Tenants are national and regional companies.

Shopping mall premises are fully leased to 17 different tenants, the anchor is a Food Lion, which has 1,100 supermarkets all over the country.

The lease contracts with tenants are signed until 2015–2023.

Location and nearby objects

The shopping mall is located next to the highway Route I-70, and services the needs of local residents.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Maryland
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