Philmore Commons Professional Office Complex

Investment Overview

Explore an exceptional investment opportunity with this well maintained 40,017 SF, two-story building featuring 21 units. Renovated in 2024, the property boasts a prime location on Maryland's Eastern Shore and is fully occupied with a mix of regional and national tenants. Zoned LBI, this offering includes an additional +/- 3 Acres of unimproved land with extra parking. Listed under the recently appraised value, and with substantial recent updates including HVAC systems and roofs, this property presents a compelling value proposition. With approximately 83.83% of all expenses being passed through as a tenant's expense, the remaining expense would be owner's expense due to the gross leases. This property offers a solid and attractive income-generating opportunity for investors.

Investment Highlights

• Listed under the recently appraised value!
• 40,017 SF 2 story building with 21 units, regional and national tenants.
• Additional +/- 3 Acres of unimproved land with additional parking in the rear.
• Approximately 1/2 of the roofs have been redone in the last 18 months and most HVAC systems replaced in the last two years.
• 83.83% of all expenses are passed through as a tenant's expense.
• Professional management fees are included in the expenses.