Investment Overview
2661 Riva Road Building 1000 represents a premier office acquisition opportunity within Annapolis, Anne Arundel County’s most resilient submarket. The building anchors the prestigious 2661 Riva Road Office Park, in a serene setting surrounded by trees, with dual front and rear grade-level entrances, and abundant parking. Building 1000 has strong historical tenant tenure with 3 of the 6 current tenants having occupied for over 20 years. The typical initial lease term in the building is 5 years. Currently 67% occupied - based on the Rent Roll across 34,395 RSF - the building’s 17,052 RSF of vacant space consists of five smaller suites aligned with market demand.
Investment Highlights
- 51,447 SF Class B office building
- 67% leased with 6 tenants
- Weighted Average Lease Term: 3.24 years
- 17,052 RSF vacant across 5 suites
- Dual front/rear grade-level entrances
- Fifth-floor private balconies and large conference room
- Tranquil, nature-surrounded location
- Potential for owner-user or investor lease-up value-add