Wells Cove Office Condominium
$749,000
110 Channel Marker Way, Grasonville, MD 21638
2,400 sqft
Building Size
100
Occupancy
Details:
Highlights:
- Buy at $749,000
- Fully leased building
- 2,400 square feet
- 10 offices with 2 corner suites
- 2nd floor, elevator served
- Space is comprised of two condominium units with potential for subdivision
- Attractive architectural finishes, 11.5' ceiling height, vaulted and dropped ceilings
- Water views in every direction
- Private parking lot
Description:
We are especially pleased to offer for sale this 100% leased water view office condominium (18% of the total building) located in the heart of the Kent Narrows. The lease is for five years and started on November 1, 2021. There is one tw-year option period. Tenant quality is very good-excellent. Rental increase over the five year term is 27.6%!
Wells Cove is a marina, hotel, residential, retail and office complex that exudes the best of Eastern Shore living. Surrounded by some of the best seafood restaurants on the Bay, and cool waterfront bars, this is the office your employees dream about. A highlight is that Exit 42 on US Route 50, within 1/8th mile of the property, with average daily traffic counts of 73,642, provides direct east and westbound access.
This office condominium is part of the Wells Cove marina and hotel complex located in the southeast quadrant of the Kent Narrows.
Documents:
| Title | ||
|---|---|---|
| 1680668 | ||
| Sale Offering Memorandum |
Location
Gallery
