Brokerage Services | Investment Properties
91% LEASED INVESTMENT OPPORTUNITY
:: OFFERING MEMORANDUM
Westminster Air Business Center
1106 Business Parkway South |Westminster, MD 21157
KETCH SECOR
First Vice President
+1 410 244 3118
ketch.secor@cbre.com
ALAN GRACE
Vice President
+1 410 244 3118
alan.grace@cbre.com
THE OFFERING
PROPERTY SUMMARY
CBRE, Inc. is the exclusive marketing broker for
the offering of this 91% leased investment opportunity of 15,528 square feet located in Westminster, Carroll County, Maryland.
ADDRESS:
1106 Business Parkway South
Westminster, MD 21157
BUILDING SIZE:
15,528 SF
LAND AREA:
2.46 Acres; approval for additional
10,265 SF building on one acre
adjacent site
OCCUPANCY:
91%
YEAR BUILT:
2006
ZONING:
RI
CONSTRUCTION:
Masonry
LOADING
CONFIGURATION:
Drive-in, rear
The 2.46
acre site has approval for an additional 10,625
square foot development.
CLEAR HEIGHT:
COLUMN SPACING:
CAR PARKING:
DRIVE-IN DOORS:
ROOF:
OFFICE FINISH:
LIGHTING:
SPRINKLER SYSTEM:
ELECTRIC:
OFFICE HVAC:
Six
SITE PLAN
SITE
AERIAL
MARKET OVERVIEW
The Property is located in Westminster, Maryland within Carroll
CARROLL COUNTY, MARYLAND
HIGHLIGHTS
MARKET LOCATION
County. The county is located along the Pennsylvania line,
bordered by Baltimore and Frederick counties. An effective
•
system of local routes connects residential, industrial, and
agricultural areas, as well as extending further to provide easy
access to Interstates 95, 70, 83, and 695. Carroll County
benefits from an educated workforce due to its position as a
• Access to one of the most comprehensive
and reliable transportation networks in the
country-highways, ports and rail
bedroom community for the City of Baltimore. Approximately
38% of the labor pool is tied to construction, manufacturing,
transportation, health, and business services sectors.
• Overnight access to over 70 million people
GENERAL INFORMATION
Knorr Brake recently completed a 300,000 square foot state of the
art industrial facility across the street and Carlyle, ETC., a clothing
manufacturer, recently purchased an 84,000 square foot industrial
facility nearby. General Dynamics has a large presence nearby as
well. Additionaly, Fuchs Spices recently purchased 20 acres to develop a 200,000 SF manufacturing facility about 10 miles away.
Carroll County labor, cost to do business (i.e., operating expenses)
and quality of life are driving factors luring business to the area.
• Part of the nation’s fourth largest consumer
market, supporting over 7.2 million people,
2.6 million households and producing a
collective personal income of $215 billion
•
County Seat: Westminster
Land Area: 452 square miles
Elevation: 300 to 1,000 feet above sea level
Government: Five commissioners elected by
district for four-year terms
KEY DISTANCES
I-70 (Baltimore National Pike)
8 miles
I-695 (Baltimore Beltway)
12 miles
I-83 (Baltimore-Harrisburg Expy)
25 miles
I-95
25 miles
Port of Baltimore
30 miles
Baltimore, MD
35 miles
Washington, D.C.
50 miles
Philadelphia, PA
130 miles
For labor and additional area information,
please visit www.carrollbiz.org.
Brokerage Services
CARROLL COUNTY COMMERCIAL REAL ESTATE MARKET - Q4 2013
NUMBER OF BUILDINGS
TOTAL SIZE
TOTAL AVAILABLE SF
VACANCY RATE
66
6,145,368
759,278
12.36%
RENT ROLL
LEASE TERM
Investment Properties
Tenant
Square Feet
Begin
End
BASE RENT
Monthly
PSF
Annually
Mobility Rehab
6,678
4/1/10
3/31/15
$6,080
$10.93
$72,971
Genesis
4,382
11/1/07
10/31/17
$5,517
$15.25
$66,215
Hydro-Terra
3,148
2/1/14
1/31/19
$2,135
$8.14
$25,625
Vacant
1,320*
TOTALS
15,528
$13,733
$164,811
EXPENSES
Taxes:
Insurance:
Dumpster/Maintenance:
$13,197
$3,396
$4,403
$20,996 ($1.35/SF)
*Hydro-Terra has First Right of Refusal
© 2014 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its
accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its
accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future
performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and
legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability
of the property for your needs.