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Jos. A. Bank 500 Hanover Pike

210,000 SF Industrial Building Hampstead, MD 21074 $22,256,294 CAD ($105.98 CAD/SF) 7.45% Cap Rate

INVESTMENT HIGHLIGHTS

  • Long-term, passive income with a 15-year Abs. NNN Lease & Annual Increases with Corporate Guarantee
  • One of the largest retailers dedicated to Men’s Clothing
  • Excellent Facility Access with Close Proximity to I-795 via Maryland Route 30
  • Mission-Critical Location
  • Diverse Customer Base Across Brands & Leading Position in Formal Wear

EXECUTIVE SUMMARY

Northmarq Commercial, as exclusive advisor, is pleased to present the opportunity to acquire the Jos. A. Bank distribution center owned and operated by Tailored Brands Inc. Located in Hampstead (Baltimore), Maryland, the asset is comprised of 210,000 square feet on a total of 38.4 acres. This transaction considers a sale leaseback in which the facility would be 100% leased on an absolute NNN basis to Tailored Shared Services, a wholly owned subsidiary of Tailored Brands Inc. (“TBI” or the “Company”) for a primary term of 15 years.

PROPERTY FACTS

Price $22,256,294 CAD
Price Per SF $105.98 CAD
Sale Type Investment NNN
Cap Rate 7.45%
Sale Condition Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Office Office Live Work Unit
Building Class C
Lot Size 38.40 AC
Rentable Building Area 210,000 SF
No. Stories 1
Year Built 1970
Tenancy Single
Parking Ratio 0.95/1,000 SF
Clear Ceiling Height 26’
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 4

UTILITIES

  • Gas - Natural
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-040257
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$9,169,103 CAD

ZONING

Zoning Code Light Manufacturing (Light Industrial)
Light Manufacturing (Light Industrial)
  • Listing ID: 30885008

  • Date on Market: 2024-02-06

  • Last Updated:

  • Address: 500 Hanover Pike, Hampstead, MD 21074

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