2933 Ocean Gtwy, Cambridge, MD 21613-3427

This exceptional investment opportunity presents a 4,758 square foot medical office building situated on a 3.73-acre lot at 2933 Ocean Gateway, Cambridge, Maryland, 21613. The property, built in 1971 and renovated in 2002, is currently 100% occupied by Bayside Animal Hospital under a single-tenant, net-net lease with a remaining term of approximately 6.4 years (expiring March 30, 2031, with commencement April 13, 2021). The lease features annual rent bumps of 1.025% and includes two 5-year renewal options. The property boasts a strong NOI of $92,058, resulting in an attractive 8.37% cap rate and a price per square foot of $231.19. The asking price is $1,100,000. The building is a one-story structure and benefits from high visibility due to its frontage along Ocean Gateway, a road with 31,790 vehicles per day. The tenant, Bayside Animal Hospital, is an AAHA-accredited facility and has demonstrated a long-term commitment to the location. This fee-simple ownership opportunity offers a stable, long-term investment with a strong tenant and favorable lease terms. The lease is backed by a corporate guarantee.