Commercial Real Estate Offering For Office Headquarters Asset In Hunt Valley, Maryland Now Funding

Real estate investment platform CrowdStreet investment window for an office headquarters asset in Hunt Valley, Maryland. 

Developed in 2017, 40 Wright Avenue is a 132,207-square-foot Class A headquarters building occupied by national engineering, consulting and design firm Johnson, Mirmiran & Thompson (JMT). The office building, just off Interstate 83, is centrally located between downtown Baltimore, southern Pennsylvania and the greater Washington, D.C., area. 

Offering sponsor Grander Capital Partners (GCP) is working to acquire the stabilized asset at an attractive cost basis. JMT and a financial consulting form occupy 93% of 40 Wright Avenue. Both tenants’ leases extend beyond the anticipated investment term. Annual rent escalations are built into the leases, with JMT’s increasing by 3% and the consulting firm's increasing by 2% so investors enjoy cash flow in addition to the prospect of property appreciation.

Hard costs will be kept to a minimum because the property was developed in 2017 under a build-to-suit agreement with JMT. Both occupants also are under contract for nine more years, Grander Capital is seeking a tenant for the remaining 7% of the building, which will generate additional cash yields.

Founded in 2011, Grander Capital Partners focuses on office and industrial real estate assets in the Northeast and Mid-Atlantic markets. GCP has closed 28 transactions equating to over 3.1 million square feet of industrial and office space. The investment firm manages properties with a combined value exceeding $361 million.

Investors can participate in the offering on CrowdStreet. The minimum investment amount is $25,000. 

View details on CrowdStreet’s offerings

Photo: Courtesy of CrowdStreet