Property tours are available by appointment ONLY. Please contact Mike Ruocco to schedule at mruocco@mackenziecommercial.com or 410-627-6881. Investment Highlights: ±9,918 SF retail and office plaza with a diverse tenant mix well located in Baltimore County ±92% occupied including national tenants State Farm and Jamba Juice Value-add opportunity through lease-up of the available suites at market rates Stable long term cash flows with recurring increases Significant CapEx recently completed inclusive of a new roof in 2016 with transferable warranty Major long term investment made by several tenants including Jamba Juice EIFS and drive-thru Strong demo profile with ±$76,000 HH income & ±123,000 people within three miles Signalized intersection access at Whitehead Road and is located less than ¼ mile from I-695 interchange Investment Overview: Fairfax Plaza (the “Plaza* or *Property*) is a neighborhood retail and office center located at 6669 Security Blvd in Woodlawn, MD. The Plaza is a well-maintained strip center & office asset situated in the Rutherford submarket of Baltimore County, Maryland. The leases feature minimal landlord responsibilities, solid primary term, and healthy rental escalations. The tenant mix consists of several national brands and three regional tenants with solid occupancy histories at the Property. Huge value-add opportunity exists through lease-up of the two available suites at market rates. Fairfax Plaza is located at a signalized intersection and part of a retail corridor that includes several other shopping centers, lifestyle centers, car dealerships and the Social Security Administration ±0.5 mile away. The Plaza is well positioned with frontage on Security Blvd and visible to over 33,000 VPD in between Interstate 695 and the areas other retail and employment drivers. The majority of tenants have leases expiring in 2025, 2026 and 2027 creating stable long term cash flow. Both Jamba Juice and the Restaurant invested heavily into their own build-outs with Jamba Juice performing the work to their new modern exterior EIFS (exterior insulation and finish system) as well as the installation of their drive-thru. The Woodlawn submarket is home to the headquarters of the Social Security Administration and the Centers for Medicare and Medicaid Services, representing some of the largest employers in Maryland. Located just 9 miles east of downtown Baltimore and 40 miles north of Washington, D.C, the City of Woodlawn is serviced by Route 22 with convenient access to Interstate 695. Fairfax Plaza represents an opportunity to own a strategically located office/retail property seconds from the Security Boulevard / I-695 (Baltimore Beltway) interchange with natural traffic drivers like several government agencies and other national retailers nearby.
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Retail Space
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