10 N Park Dr

UNDER CONTRACT! Transwestern’s Mid-Atlantic Capital Markets Group is pleased to present the fee simple interest in the North Park Office Portfolio (the “Portfolio” or “Properties”), a three-building office portfolio totaling 295,392 square feet in the heart of Hunt Valley, Maryland. This investment opportunity provides optionality for buyers:

Operate as Office: The Portfolio is currently 63% leased with 5.0 years of WALT providing significant leasing upside for investors with a strategic plan to rebrand the park as the Hunt Valley area continues to grow.

Convert to Residential: An investor can rezone a single parcel or the entire 23-acre site to residential or senior living like the Avalon Hunt Valley and Bright View Senior Living developments across the street at the Hunt Valley Towne Centre. Further, the Portfolio is situated on three land parcels providing the owner the opportunity to phase-in rezoning and development.

Sell Individual Buildings to Users: 6 North Park is 26% leased with the top two floors vacant (43,137 SF). Other opportunities to accommodate a user sale include consolidating leases to a single building and when the Travelers’ lease expires.

In short, the North Park Office Portfolio provides an investor with immediate scale in one of the strongest submarkets north of Baltimore.

Investors may bid on all three buildings or individual buildings.

10 N Park Dr in Hunt Valley MD is convenient to I-695, downtown Baltimore and BWI Airport; surrounded by many fine restaurants, shops, hotels, Oregon Ridge Park, Hunt Valley Towne Centre, and desirable residential communities.

• Property Type : Office
• Class : A
• Listing Size : 86,306
• Year Renovated : 2020
• Year Built : 1986
• Stories : 4
• Typical Floor Size : 20,000
• Elevators : 2