3401 Eastern Ave, Baltimore, MD
Triple Net Investment Sale opportunity comprised of a 3-property portfolio.
- Added:
- Oct 2, 2023
- Days on Market:
- 988
- Last Refresh:
- May 20 at 9:04 pm
Property Features for 3401 Eastern Ave
General Information
- Standard status
- Active
- Size
- 5,717 SF
- Lot size
- 0.52 Acres
- Property subtype
- RETAIL
Listing agent Tom Fidler
Listing office MacKenzie Commercial Real Estate - Corporate (410) 821-8585
Listing date Oct 2, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MacKenzie Commercial Real Estate - Corporate
HighLights
- Triple Net Investment Sale Opportunity
- Portfolio of 3 properties
- Tenant is M&T Bank Corporation
- M&T Bank is a large, established bank with 1,000+ branches
- M&T Bank operates in 12 states
- M&T Bank is a Fortune 500 company
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.3k | $22.80 |
| − Vacancy | −$7.2k | −$1.25 |
| EGI | $123.2k | $21.55 |
| − OpEx | −$30.8k | −$5.39 |
| NOI | $92.4k | $16.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.5688
- Latitude
- 39.2863
