项目现场考察时间为 5 月 5 日至 6 月 5 日每逢星期一和星期四，上午 9 点至 10 点，需预约。 预约联系人 Michael McNeil（电话 410-528-0011 或电子邮件 mmcneill@rwndg.com）。 投资亮点： 高档混合用途（办公/灵活分区）项目，可进行重新开发，位于巴尔的摩市中心。建筑面积约为 24,000 平方英尺，原为一家夜店/娱乐表演舞台。 2000 年进行全面翻新，建筑为2 层，另有一层夹层。20 英尺挑高天花板，屋顶有露台。可将其重新开发/改造成高层办公楼、公寓楼或酒店，提高其收入潜力。市政对本项目改建要求为：楼层总高不能超过 1000 英尺，容积率不得小于 14.5。本项目可享受当地在企业区和新市场方面的减税优惠。 步行指数 97，是步行爱好者的天堂。位于巴尔的摩市的 CBD 区，从 83 号州际公路可清晰看到本项目，周边共有 8 个地铁入口。人口众多，2017 年人口统计显示，5 英里半径内的人口约为 570,456 人，平均家庭收入为 61,209 美元，日间人流量大。投资概述： 项目位于马里兰州巴尔的摩市 Guilford 大街 316-318 号，是一个空置两层灵活分区建筑（另有一个夹层）。这栋楼宇所在街道位于 CBD 区内，又被称为 Bourbon 街。 项目由于地处 CBD 核心区内，在重新开发方面具有很大的潜力。 建筑始建于 1905 年，2000 年进行翻新，占地面积约为 0.28 英亩，建筑面积约为 24,180 平方英尺，原为一家夜店/娱乐表演舞台。 建筑共有 2 层（另有一夹层），屋顶有一个配置齐全的露台区域。
The closing period for this asset is 30 days, with two (2) additional 30-day closing extension options available. Please see the purchase agreement documents in the due diligence section for more information.
Property tours are available by appointment only. To RSVP, please contact Michael McNeil (410-528-0011 or mmcneill@rwndg.com).
Investment Highlights:
100% leased prime mixed-use (retail/office/flex) in the heart of Baltimore City
Leased to The Assembly Room, an event space provider, through 2029
Completely renovated in 2000 and previously used as a nightclub/entertainment arena
±24,180 SF building comprised of 2 ½ stories, 20' ceiling height, and rooftop deck
Cash flowing property with future redevelopment opportunity
PUD entitles property to be developed up to a height limit of 1000 feet, and a FAR of 14.5
Enterprise Zone and New Market Tax Credits
Walker’s paradise with a walkability score of 97
Located in Baltimore City's CBD, with excellent exposure from I-83 and 8 metro entrances within the immediate area
Dense demographics within a 5-mile radius with an estimated 2017 population of ±570,456, an average HH income of $61,209, and a strong daytime population
Investment Overview:
The NNN Mixed-Use in Baltimore CBD is a ±24,180 SF, 100% leased flex building located at 316-318 Guilford Avenue in Baltimore, Maryland. Constructed in 1905 and renovated in 2000, the 2 ½ story building features a spacious, open interior with 20-foot ceilings and a fully-functioning rooftop deck. The property was previously used as a nightclub/entertainment arena and is currently leased to an event space provider. Located on a ±0.28-acre parcel, the property also benefits from excess parking in the immediate area as well as several local commercial parking lots.
The property is 100% leased to Guilford Avenue Events, LLC (dba The Assembly Room) on a NNN through 2029. Per lease, the tenant will operate an event, meeting and conferencing center. Per the company website, The Assembly Room will be the only downtown Baltimore event space that can offer 24,000 SF of flexible space. Rent commences January 2018 at $75,000 per year plus 15% of sales over $500,000, offering stable income over the next 10+ years, while remaining a prime future redevelopment opportunity in the heart of the CBD.
This Property offers a HUGE value add through future redevelopment with the opportunity for conversion to high rise offices, apartments or hotel. 316-318 Guilford Ave is zoned B-4, 5-2 Business and Central Commercial District and is subject to a PUD that is both approved and valid in perpetuity. The PUD entitles this Property to be developed in the future up to a Height Limit of ±1000 feet, and an FAR of ±14.5. A future developer can build up to 100 stories if desired and can build up to ±175,000 SF of either Office, Apartments, Hotel, or Retail, or a combination thereof. PUD information can be found in the DD vault herein. The Property also benefits from its location inside of an Enterprise Zone Tax Credit area. Currently the property qualifies for a ten year tax credit against local real property taxes on a portion of real property expansion, renovation or capital improvement. The amount of credit is 80% of the "eligible assessment" in each of the first 5 years, and the credit decreases 10% annually for the subsequent 5 years. Additionally, the Architect has determined that this Property qualifies for a 10% Federal Tax Credit for all work done on this redevelopment, if this building is renovated.
The Property is located ±0.6 miles west of Interstate 83 (Jones Falls Expressway), ±2.5 miles northeast from Interstate 95, and offers access to several metro entrances within the immediate area. The area surrounding the Property is developed with a variety of uses consisting primarily of office, retail, and multifamily residential and is located across from the local Farmer’s Market which runs every Sunday over the spring, summer, and fall months. The Gallery Mall, located less than one mile south of the Property, includes retail tenants such as Forever 21, Nail Trix Inc, Francesca’s, Michael Kors, Johnston & Murphy, La Mesa, the UPS Store, M&S Grill, Five Guys, The Cheesecake Factory, H&M, Urban Outfitters, and Bubba Gump Shrimp Co. The Property benefits from dense demographics within a 5-mile radius with an estimated 2017 population of ±570,456, an average HH income of $61,209, and a strong daytime population.
This investment offers investors with a cash-flowing property in the CBD. Additionally, the option to use the in-place PUD approval for a redevelopment of the property allows for tremendous value add through future redevelopment.
Additional Nearby Property Available:
Court Square, a ±138,757 SF 19 story mixed-use building located at 200 E. Lexington Street, is available for sale on our Offer Select platform. The proposed redevelopment of Court Square could present the need for a nearby parking garage. Click Here for more info on The Court Square Building
Free Asset Summary Report AvailableWe've partnered with Situs, one of the most trusted names in commercial real estate research, to provide unbiased third-party insight for this asset. You can find the full, complimentary Asset Summary Report under the secure due diligence tab above. This property will be auctioned on Monday, September 11 - Wednesday, September 13 . The price displayed is the starting bid amount of $300,000. For information and to register to bid on this property, please visit Ten-X.com.
