Sam’s Club – Timonium, MD

15 Texas Station Court
Timonium, MD
Sold: $18,300,000
Closing Date: 11/28/2016

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Property Type: Commercial
Property Status: Sold
Description:

Sam’s Club – Timonium MD

133,859 SF freestanding building leased on an absolute NNN basis to Sam’s Real Estate Business Trust. The building was built in 2000 and has +10 years remaining on the lease term.

Location Description

The building is one of two anchor retail buildings (along with Lowes Home Improvement Center), located at Texas Station Shopping Center, Timonium, Maryland. The location is approximately 9 miles north of Baltimore and 2 miles from Morgan State University. Additional demographic information is attached.

Sale Summary:

Property Use Type Investment

Primary Type Retail

Building Size 133,859

Occupancy 100%

Price $18,294,000

Price/SF $137.00

Year Built 2000

Net Lease Investment Absolute NNN