Overview
KLNB Retail Capital Markets is pleased to announce for sale the fee simple interest in the Baltimore Design Center located in the affluent, and growing, submarket of Timonium, Maryland which is within the desirable Baltimore County submarket of Maryland. The Baltimore Design Center consists of three parcels and four buildings currently totaling 38,350 square feet and located on 3.057 acres. At 72% occupied, the destination use retail center offers investors immediate value add with a 2,100 SF inline vacancy and the 8,350 SF, 1.247-acre, pad site available for immediate lease up. Positioned at the off ramp of Interstate 83 (I-83), at the intersection of Greenspring Drive and W. Timonium Road, an investor benefits from excellent positioning within the submarket, great visibility, ingress and egress, robust traffic counts and a strong residual value in the overall land in a high barrier to entry submarket.
Investment Highlights
- 38,350 SF value-add neighborhood strip center located in the heart of Timonium, Maryland.
- 72% occupied, the destination-use retail center offers investors immediate value-add with a 2,100 SF inline vacancy and an 8,350 SF, 1.247-acre pad site available for lease up.
- Positioned at the off-ramp of Interstate 83 (I-83), at Greenspring Drive and W. Timonium Road, offering excellent submarket positioning, visibility, ingress/egress, strong traffic counts, and residual land value in a high-barrier-to-entry submarket.
- Combined traffic counts at Greenspring Drive and W. Timonium Road exceed 41,000 VPD; I-83 sees 120,000+ VPD.
- Close to major driversd such as The Maryland State Fairgrounds, over 88 acres, directly behind the property.
- Positioned in the Timonium submarket, the center has a wealthy consumer base with residents earning a $150,778 average household income within a 3-mile radius, and average household income expected to grow annually at 2.64% through 2029.
Affluent Submarket with Strong Daytime Population
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