For Sale
$6,408,266

3135 Joseph Biggs Memorial HwyNorth East, MD 21901

High-Yield Retail Investment in MD

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
College Crossing, a fully leased 24,000 square foot shopping center in North East, Maryland, presents a compelling investment opportunity. Located at 3135 Joseph Biggs Memorial Hwy, 21901, this multi-tenant retail property boasts a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $416,537 and a 6.50% capitalization rate. The asking price is $6,408,266, translating to a price per square foot of $267.01. Benefiting from its strategic location just off I-95 and directly across from Cecil College, the center enjoys high visibility and strong traffic flow. The diverse tenant mix contributes to the property's consistent performance and stable income stream. This property is part of a portfolio of two retail centers, offering the potential for individual or package purchase. The lease type is Net. Further details are available upon request and execution of a confidentiality agreement. Please refrain from contacting or disturbing the tenants.

Highlights

  • $6,408,266 Asking Price
  • 24,000 SF Retail Shopping Center
  • 100% Occupancy, Net Lease
  • $416,537 NOI, 6.5% Cap Rate
  • Located in North East, MD, near I-95 and Cecil College.

Property Details for 3135 Joseph Biggs Memorial Hwy

Property type
Lifestyle centers, Power centers
Square Feet
24,000 SF

Location Insight

City
North East
County
Cecil
State
Maryland
Latitude
39.641267957095
Longitude
-75.959876545132
3135 Joseph Biggs Memorial Hwy, North East, Maryland

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Contacts

Blair Rinnier, CCIM, CPM
Blair Rinnier, CCIM, CPM
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3135 Joseph Biggs Memorial Hwy, North East, Maryland, 21901

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

3135 Joseph Biggs Memorial Hwy
  • Blair Rinnier, CCIM, CPM
    Blair Rinnier, CCIM, CPM
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