THREE CENTRE PARK OFFICE / MEDICAL CONDOMINIUMS FOR SALE
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1 TriAlliance Commercial Real Estate Services THREE CENTRE PARK OFFICE / MEDICAL CONDOMINIUMS FOR SALE 8815 Centre Park Drive Columbia, Maryland Presented by: Ridgebrook Road, Suite 100 Sparks, Maryland Lyn S. Jablonski x 112 ljablonski@trialliance.com Christopher C. Smith, SIOR x 108 csmith@trialliance.com
2 COLUMBIA 100 PARKWAY 8815 CENTRE PARK DRIVE CENTRE PARK DRIVE HOWARD HIGH SCHOOL
3 OFFICE / MEDICAL CONDOMINIUMS OFFERED FOR SALE PROPERTY IDENTIFICATION: Three Centre Park Building ADDRESS: 8815 Centre Park Dr, Columbia, Maryland TOTAL SQUARE FEET: 57,336 s.f. DESCRIPTION: The property features a four-story building totaling 57,336 square feet of fully improved office units. The building offers free and unreserved parking, a professional setting for employees and visitors, upgraded lobbies and corridors, new directory and common area restrooms. AVAILABLE SPACE: EXPENSES: PARKING RATIO: ZONING: See Price List for vacancies and investment condominium units Buyer responsible for Real Estate Taxes, Unit electric, cleaning and Condominium Fees 240 free surface parking currently at a ratio of 4.5 spaces per 1,000 s.f. M1 Howard County s designation which permits a wide variety of office and medical uses. TOTAL NUMBER OF LEVELS: 4 ELEVATOR: CEILING HEIGHT: EXTERIOR CONSTRUCTION: FLOOR CONSTRUCTION: HVAC SYSTEM: Two serve the building 9-10 under dropped ceiling Reinforced concrete and glass design Concrete Rooftop-mounted central HVAC system serves the building PUBLIC FACTOR: The first floor square footage includes a 12.33% common area factor. UTILITY SERVICE: Public water, public sewer, electric, Verizon DSL, FIOS, and telephone serves the property. All information furnished regarding property for sale, rent, exchange or financing is from sources deemed reliable. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, changes with other conditions, including withdrawal without notice. 913 Ridgebrook Road, Suite 100, Towson, MD Tel: Fax: Commercial Real Estate Services
4 SMOKE ALARMS: SPRINKLER: PROPERTY MANAGEMENT: BUSINESS HOURS OF BUILDING: Yes No On site management 24-Hour Access YEAR BUILT: 1988 TENANT IMPROVEMENTS: TRAFFIC COUNTS: ADDITIONAL INFORMATION: OWNERSHIP ADVANTAGES: The units are sold in the fully improved, As- Is, move-in condition. The investment units are sold subject to existing lease agreements. 19,221 average daily volume at Centre Park Drive & Old Annapolis Road intersection Located within walking distance to shopping and restaurants Common areas restrooms serve each floor Easy access to Routes 29, 32, 108 and I-70, I-695, and I-95 80/20 LTV owner occupancy financing available Annual real estate appreciation Increase your net worth with each monthly payment Control your occupancy expenses Pride of ownership in Columbia Low interest rates still available Opportunity for personal future rental income Interest and depreciation deductions on your tax returns Purchasers can add allowances to the Purchase Prices for improvements DEMOGRAPHICS: 2015 ESTIMATE 1 MILE 3 MILE 5 MILE Population 11,052 90, ,460 Households 4,060 34,706 79,697 Avg Household Income $133,621 $126,642 $122,268 FOR ADDITIONAL INFORMATION, CONTACT: TriAlliance Commercial Real Estate Services Lyn S. Jablonski Christopher Smith, SIOR x x ljablonski@trialliance.com csmith@trialliance.com
5 Three Centre Park 8815 Centre Park Drive, Columbia, MD OFFERING PRICES Suite Number Square Footage Offering Price First Floor Third Floor 140 2,962 $230 RSF 150 1,558 $230 RSF 160 2,966 $230 RSF 310 1,731 $230 RSF 320 2,455 $230 RSF Units can be combined for up to 7,486 r.s.f. Units can be combined for up to 4,186 r.s.f. Prices are subject to change without notice
6 Unit140 Unit150 Unit160
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9 COLUMBIA MALL APPLE STORE CHEESECAKE FACTORY CHICK-FIL-A P.F. CHANG S BISTRO STARBUCKS 8815 CENTRE PARK DRIVE
10 Traffic Count Report Building Type: Class: RBA: Typical Floor: Total Available: % Leased: Rent/SF/Yr: Class B Office B 53,765 SF 13,441 SF 16,444 SF 69.42% $22.00 Three Centre Park 8815 Centre Park Dr, Columbia, MD Count Avg Daily Volume Miles from Street Cross Street Cross Str Dist Year Volume Type Subject Prop 1 Centre Park Dr Old Annapolis Rd 0.12 SW ,221 MPSI.11 2 State Hwy 100 Waterloo Rd 0.45 SE ,276 MPSI.23 3 Phelps Luck Dr Flight Feather 0.04 SW ,696 MPSI.23 4 High Tor Hill Phelps Luck Dr 0.03 NW ,296 MPSI.32 5 State Highway 100 Executive Park Dr 0.09 N ,385 MPSI.42 6 State Hwy 100 Executive Park Dr 0.09 NW ,255 MPSI.42 7 State Hwy 100 Waterloo Rd 0.16 SE ,998 MPSI.45 8 Executive Park Dr Lee Farm Ct 0.02 W ,402 MPSI.47 9 Old Annapolis Rd Thomas Williams Way 0.01 SE ,058 MPSI Thomas Williams Way Old Annapolis Rd 0.00 NW ,110 MPSI.49 Copyrighted report licensed to TriAlliance Commercial RE Services, LLC /24/2016 Page 1
11 Demographic Summary Report Building Type: Class: RBA: Typical Floor: Class B Office B 53,765 SF 13,441 SF Three Centre Park 8815 Centre Park Dr, Columbia, MD Total Available: % Leased: Rent/SF/Yr: 16,444 SF 69.42% $22.00 Radius 1 Mile 3 Mile 5 Mile Population 2020 Projection 11,918 97, , Estimate 11,052 90, , Census 10,527 84, ,353 Growth % 8.18% 7.99% Growth % 6.69% 7.30% 2015 Population by Hispanic Origin 807 6,629 14, Population 11,052 90, ,460 White 6, % 53, % 124, % Black 2, % 18, % 41, % Am. Indian & Alaskan % % % Asian 1, % 13, % 32, % Hawaiian & Pacific Island % % % Other % 3, % 7, % U.S. Armed Forces Households 2020 Projection 4,386 37,555 86, Estimate 4,060 34,706 79, Census 3,845 32,576 74,300 Growth % 8.21% 8.04% Growth % 6.54% 7.26% Owner Occupied 3, % 25, % 55, % Renter Occupied % 9, % 24, % 2015 Households by HH Income 4,060 34,705 79,698 Income: <$25, % 2, % 6, % Income: $25,000 - $50, % 3, % 9, % Income: $50,000 - $75, % 4, % 12, % Income: $75,000 - $100, % 4, % 10, % Income: $100,000 - $125, % 4, % 10, % Income: $125,000 - $150, % 3, % 8, % Income: $150,000 - $200, % 5, % 10, % Income: $200, % 4, % 10, % 2015 Avg Household Income $133,621 $126,642 $122, Med Household Income $114,448 $106,728 $100,891 Copyrighted report licensed to TriAlliance Commercial RE Services, LLC /24/2016 Page 2
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