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Gennaro Illiano Plaza II 1604 Ridgeside Dr

14,954 SF 96% Leased Retail Building Mount Airy, MD 21771 $3,968,916 CAD ($265 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • Fully Leased Investment In the Heart of Mt Airy
  • Plenty of Parking
  • Zoned: Community Commercial District
  • Retail/Professional Office & Medical Services
  • 6.5% CAP Rate

Executive Summary

Fully leased retail/office building in the heart of Mt. Airy. Ground lease in place.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,954 SF
Building Class
A
Year Built
2005
Price
$3,968,916 CAD
Price Per SF
$265 CAD
Cap Rate
6.50%
NOI
$257,980 CAD
Percent Leased
96%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.50
Land Acres
0.68 AC
Zoning
COM - Community Commercial District
Parking
75 Spaces (5.02 Spaces per 1,000 SF Leased)
Frontage
150 ft on Ridgeside Dr

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • CMS Approved
  • Finance and Insurance
  • 400 SF
  • -
  • -
  • -
  • Curt & Sons
  • -
  • 535 SF
  • -
  • -
  • -
  • DK Consulting
  • -
  • 436 SF
  • -
  • -
  • -
  • Eberts and Harrison, Inc.
  • Finance and Insurance
  • 1,652 SF
  • -
  • -
  • -
  • Los Aztecas
  • Accommodation and Food Services
  • 5,811 SF
  • -
  • Net
  • -
  • Mullendore
  • Health Care and Social Assistance
  • 1,676 SF
  • -
  • -
  • -
  • Nkamayim
  • Health Care and Social Assistance
  • 464 SF
  • -
  • -
  • -
  • Shin - Tshirts
  • Retailer
  • 700 SF
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
CMS Approved Finance and Insurance 400 SF - - -
Curt & Sons - 535 SF - - -
DK Consulting - 436 SF - - -
Eberts and Harrison, Inc. Finance and Insurance 1,652 SF - - -
Los Aztecas Accommodation and Food Services 5,811 SF - Net -
Mullendore Health Care and Social Assistance 1,676 SF - - -
Nkamayim Health Care and Social Assistance 464 SF - - -
Shin - Tshirts Retailer 700 SF - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • B1
  • 650 SF
  • Office/Retail
  • -
  • Now

PLEASE REACH OUT TO BROKER FOR PRICE. THIS PRICE INCLUDES ALL UTILITIES, ALL COMMON AREA FEES, ALL TAXES. THE ONLY OTHER THING YOU MAY NEED TO PAY IS FOR YOUR WI-FI & OR PHONE. THE SPACE ALSO HAS THE USE OF OFFICE FURNITURE FOR NO EXXTRA $. MONTH TO MONTH AVAILABLE. THIS IS A PERFECT STARTER AND OR NO LONG TERM LEASE OBLIGATION. Link to video of the building / space: https://youtu.be/hYW0qcG3V8M

Space Size Space Use Position Available
B1 650 SF Office/Retail - Now

B1

Size
650 SF
Space Use
Office/Retail
Position
-
Available
Now

B1

Size 650 SF
Space Use Office/Retail
Position -
Available Now

PLEASE REACH OUT TO BROKER FOR PRICE. THIS PRICE INCLUDES ALL UTILITIES, ALL COMMON AREA FEES, ALL TAXES. THE ONLY OTHER THING YOU MAY NEED TO PAY IS FOR YOUR WI-FI & OR PHONE. THE SPACE ALSO HAS THE USE OF OFFICE FURNITURE FOR NO EXXTRA $. MONTH TO MONTH AVAILABLE. THIS IS A PERFECT STARTER AND OR NO LONG TERM LEASE OBLIGATION. Link to video of the building / space: https://youtu.be/hYW0qcG3V8M

Nearby Major Retailers

Five Guys
Starbucks
Safeway
PNC Bank
Truist
Snap Fitness 24/7
California Tortilla
Food Lion
Bank of America
Sandy Spring Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-013160
Land Assessment
$503,744 CAD
Improvements Assessment
$2,104,261 CAD
Total Assessment
$2,608,005 CAD
  • Listing ID: 31028682

  • Date on Market: 2024-02-23

  • Last Updated:

  • Address: 1604 Ridgeside Dr, Mount Airy, MD 21771

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