Magothy Medical Professional Center
18 Magothy Beach Road
Total Leasable Area:
Acquired in 2020
Class B medical office / retail
Partnership with PeoplesBank and Rosso Commercial
An existing 10,000 SF medical office building was purchased at 58% occupancy anchored by Annapolis OBGYN and Annapolis Rheumatology. A lease-up strategy is in place to stabilize the building at a 9.5% stabilized cap rate.