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300 W Pratt StBaltimore, MD 21201
THE WILKENS BUILDING
Asset ClassRetail, Office
Square Feet61,456
Occupancy: 71%Year Built: 1871Year Renovated: 1990Access Data Room
5-story Retail and Office Building with 36 Surface Parking Spaces
overview of deal

Overview

KLNB Capital Markets is pleased to present for sale the Wilkens Building, a 5-story retail and office building with 36 surface parking spaces, uniquely positioned between the soon to be re-developed Harbor Place and Oriole Park at Camden Yards which just extended their lease for an additional 30-years in 2023, solidifying a dominant neighborhood anchor. Occupied on the street level by Chipotle, Dunkin’, and Luna Del Sea (expanded in 2024), the asset has a staggered lease rollover 2024-2032, offering both long-term security and short-term value add. On levels 2-5, the building is occupied by a diverse office tenant base including the GSA through July-2032, Maryland Development Center through June-2029, and 10 boutique office uses. With strong positioning in Downtown Baltimore, the asset is currently 100% occupied on the retail portion, with 32% of the office space available for lease-up.

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Investment Highlights

  • Diversified Retail, Office, and Parking Income Streams
  • Dominant Retail Tenant Mix
  • Established Office with Leasing Upside
  • Dense Infill Location with Parking
  • Proximity to Major Economic Drivers
  • Thoughtfully Designed Infrastructure
  • Attractive Features in Dominant Location
  • Multiple Ways to Capture Value
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300 W Pratt StBaltimore, MD 21201
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Listing provided by Revere CRE