Old Line Professional Center

Washington, D.C. MSA - Value Add - Medical Office Building

INVESTMENT HIGHLIGHTS

Affluent Area – Waldorf, Maryland has well above average demographics due to its strategic location near Washington, D.C., the nation’s capital.

Preferred Property Type – Medical office is a preferred property type in today’s capital market environment.

Lease to Market – Old Line Professional Center is 71.2% leased whereas the overall market is 95.4% leased, providing significant upside to lease to market.

In Place Cash Flow – The Property currently generates in-place net operating income of approximately $800k with the opportunity to increase cash-flows as the Property is stabilized.

THE OFFERING

Newmark Knight Frank (“NKF”) in conjunction with RealINSIGHT Marketplace is exclusively presenting for sale the Old Line Professional Center (the “Property”) in Waldorf Maryland, just outside of Washington, D.C. The 76,017 square foot medical office building was built in 1990 and is currently 71.2% leased to ten tenants.

The three-story medical office building (“MOB”) is well located in Southern Maryland, approximately 23 miles southeast of Washington, D.C.  Old Line Professional Center benefits from its strategic location near MD 301, the main north-south corridor in Southern Maryland (in Charles County).  MD 301 provides direct accessibility to Interstate 495 (Capital Beltway), the major highway that surrounds Washington, D.C. and the inner suburbs of Maryland and Virginia.  Charles County is a desirable bedroom community of Washington, D.C. (the Nation’s Capital) with strong demographics  This compelling value add play allows a well-capitalized investor to lease to market (95.4%) and drive existing rents with capital improvements.