Education, Office and Dorm Buildings
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Education, Office and Dorm Buildings
3 Properties Offered at $5,403,600 CAD in Hagerstown, MD
Investment Highlights
- Dorm/Apartment Building
- Training/Office Building
- Admin/Classroom Building
Executive Summary
HUGE PRICE REDUCTION!! Motivated Seller!! Attractive, below-market seller-financing available to qualified buyer!
This 7.28 acre campus boasts a dormitory/apartment building and two larger office/education buildings, making it an ideal investment for institutions seeking a turnkey solution or investors looking to capitalize on the growing demand for quality educational facilities. The 13,900 square foot training/office building is currently leased as an office for a three year period with an option of two additional years. The admin/classroom building is 25,688 square feet and was most recently operating as a high school having completed a seven figure renovation in 2021. Finally, the dormitory/apartment building was most recently used for student housing with more typical dorm style units. The unit mix is one one bedroom, one bathroom unit and eight three bedroom, one bathroom units. With some renovations, these could be converted into more traditional apartments with an expected monthly rent exceeding $10,000. The one bedroom unit has already been renovated. We recently executed a non-binding LOI for a prospective tenant for the remaining two buildings with confirmation of lease in Spring 2025.
This 7.28 acre campus boasts a dormitory/apartment building and two larger office/education buildings, making it an ideal investment for institutions seeking a turnkey solution or investors looking to capitalize on the growing demand for quality educational facilities. The 13,900 square foot training/office building is currently leased as an office for a three year period with an option of two additional years. The admin/classroom building is 25,688 square feet and was most recently operating as a high school having completed a seven figure renovation in 2021. Finally, the dormitory/apartment building was most recently used for student housing with more typical dorm style units. The unit mix is one one bedroom, one bathroom unit and eight three bedroom, one bathroom units. With some renovations, these could be converted into more traditional apartments with an expected monthly rent exceeding $10,000. The one bedroom unit has already been renovated. We recently executed a non-binding LOI for a prospective tenant for the remaining two buildings with confirmation of lease in Spring 2025.
Property Facts
| Price | $5,403,600 CAD | Number of Properties | 3 |
| Price / SF | $99.54 CAD / SF | Individually For Sale | 0 |
| Sale Conditions | Bulk/Portfolio Sale | Total Building Size | 54,288 SF |
| Sale Type | Investment or Owner User | Total Land Area | 21.90 AC |
| Status | Active |
| Price | $5,403,600 CAD |
| Price / SF | $99.54 CAD / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 54,288 SF |
| Total Land Area | 21.90 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 18614 Crestwood Dr, Hagerstown, MD 21742 | Specialty | 25,688 SF | 1991 | - |
| 18642 Crestwood Dr, Hagerstown, MD 21742 | Office | 13,900 SF | 1992 | - |
| 18618 Crestwood Dr, Hagerstown, MD 21742 | Multifamily | 14,700 SF | 1992 | - |
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Education, Office and Dorm Buildings
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