Medical Building On Hospital Campus
1001 Pine Heights Ave
Baltimore, MD 21229
Highlights
- Rarely Available MOB Adjacent To Hospital Campus
- Firestone Roof Under Warranty
- Opportunity To Increase Revenue Through Management Efficiency
- Recently Modernized Elevator
- Newly Installed Entrance
- New Cooling Tower
- Recent Upgrades To Nearly All Tenant Suites
- Recent Updates To Common Areas
- Easily Accessible From I-95 and I-695
Description
Introducing a rare opportunity for investors in the medical office space sector! The Pine Heights Medical Center is a multi-tenant medical office uniquely located on the campus of Ascension St. Agnes Hospital in SW Baltimore City very near the City border with Baltimore County. Significant and recent building upgrades include elevator modernization, HVAC upgrade and roof replacement. It is 94.50% occupied which allows for a Buyer/User to locate within the building. There is potential for increased revenue through a 25% increase in operating cost reimbursement as several leases turn over. Its accessibility from I-95 and I-695 further enhances the desirability of this strategically located property.
Pine Heights Medical Center is situated on the campus of Ascension St. Agnes Hospital in the southwest portion of Baltimore City less 1/2 mile from the border of Baltimore City and Baltimore County. It has easy access to the entire metro area via Highway I-95 & the Caton Avenue interchange and it is within minutes of the intersection of Baltimore's Beltway I-695 & I-95. Drive time to major significant locations including Downtown Baltimore, BWI Airport and Columbia, MD is 15 minutes.
