11320 York Rd Cockeysville, MD 21030

Property Details for 11320 York Rd

Year built

2014

Construction

BRICK

Lot size

1.26 lot acres

Property size

3,780 SF

Zone code

ML

Property type

Banks

APN

08-2200023489

APU

82200023489

Description

This exceptional investment opportunity presents a 3,610 square foot, 100% occupied, absolute NNN ground lease property located at 11320 York Rd, Cockeysville, MD 21030. The property, built in 2015 and situated on a 1.26-acre lot, is currently leased to a major national bank tenant (Bank of America, Chase Bank, Citizens Bank, or Wells Fargo Bank). The lease commenced June 7, 2014, and has a remaining term of 4.6 years, with five 5-year renewal options at a 12% rent increase every five years. The current lease provides a substantial net operating income (NOI) of $344,960, resulting in a 5.25% cap rate on the $6,570,666 asking price. The property enjoys a highly desirable location within a dense office building pocket adjacent to the Hunt Valley Towne Centre, a thriving open-air shopping mall. This strategic location benefits from significant daily traffic of approximately 45,000 vehicles, driven by the large daytime employee population of numerous surrounding office buildings. The property's proximity to the Merrill Lynch Investment Services Building further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant upside potential in a robust Baltimore MSA market. The property's APN is 08-2200023489.

Location Insight

City

Cockeysville

County

Baltimore

State

Maryland

Longitude

-76.6506

Latitude

39.495

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments