SVN | MILLER COMMERCIAL REAL ESTATE | 206 E. MAIN STREET, SALISBURY, MD 21801 SALE BROCHURE
EAST PARKPROFESSIONALCENTER1336 BELMONT AVESALISBURY, MD 21804
Bradley Gillis, CCIMSenior [email protected]
Joey GilkersonSenior [email protected]
OFFERING SUMMARY
Sale Price: TBD
Cap Rate: 7.25%
NOI: $111,193
Building Size: 7,695 SF
Market: Eastern Shore of
Maryland
Submarket: Salisbury
Price / SF: -
Investment Opportunity- Fully leased units in East Park Professional Center with long term tenants in place. Tenants:Peninsula Regional Medical Center and Easter Seals. Gross Scheduled Income: $111,193.56. 7.25% CAP Rate.
PROPERTY OVERVIEW
PROPERTY HIGHLIGHTS
• Investment Opportunity
• Fully Leased
• Long Term Tenants in Place
• 7.25% CAP Rate
Property Summary
EAST PARK PROFESSIONAL CENTER | 1336 BELMONT AVE SALISBURY, MD 21804 SVN | Miller Commercial Real Estate | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
EAST PARK PROFESSIONAL CENTER | 1336 BELMONT AVE SALISBURY, MD 21804 SVN | Miller Commercial Real Estate | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
TENANTNAME
UNITNUMBER
UNITSIZE (SF)
LEASEEND
LEASESTART
ANNUALRENT
% OFBUILDING
Peninsula Regional Medical Center 501 A 1,536 12/31/2021 Current $22,814 19.96
Easter Seals 501B-502 6,159 2/28/2029 Current $88,380 80.04
Totals/Averages 7,695 $111,194
Rent Roll
EAST PARK PROFESSIONAL CENTER | 1336 BELMONT AVE SALISBURY, MD 21804 SVN | Miller Commercial Real Estate | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Additional Photos
EAST PARK PROFESSIONAL CENTER | 1336 BELMONT AVE SALISBURY, MD 21804 SVN | Miller Commercial Real Estate | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
Location Maps
EAST PARK PROFESSIONAL CENTER | 1336 BELMONT AVE SALISBURY, MD 21804 SVN | Miller Commercial Real Estate | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.
POPULATION 5 MILES 10 MILES 20 MILES
Total population 67,288 111,338 198,512
Median age 33.2 34.7 36.4
Median age (Male) 31.5 33.2 35.1
Median age (Female) 34.2 35.7 37.5
HOUSEHOLDS & INCOME 5 MILES 10 MILES 20 MILES
Total households 25,556 41,336 71,874
# of persons per HH 2.6 2.7 2.8
Average HH income $58,741 $64,595 $63,091
Average house value $199,742 $215,624 $227,763
* Demographic data derived from 2010 US Census
Demographics Map