Ashbury Courts

Asset Type

Residential

Address
10095 Washington Blvd N Laurel, MD United States 20723-1941
Asking Price

Contact for pricing

Sq Footage

205,000

Year Built

2007

Cap Rate

N/A

Additional Attributes

Property Description

Ashbury Courts, a mixed-use, mid-rise apartment community for sale in North Laurel. The property consists of 156 well-appointed residences and includes 16,000 sq. ft of ground floor retail space. Set along Washington Boulevard, centrally located between the Baltimore-Washington Parkway and I-95. The property is located within close proximity to several major employment hubs and is just up the road from Town Centre Laurel, the area’s leading destination for shopping, dining and entertainment. Option to construct 16 additional ground floor units in the current retail space and add apartment homes by developing a 150-unit second phase on the northern parcel of the property.

Investment Highlights

  • Favorable existing loan featuring approximately 3.5 years remaining on its interest-only period and fixed rate of 4.36%
  • Options for further development
  • Excellent investment opportunity for those looking to acquire a Class A multifamily asset
Listing Contacts
Christine Espenshade
Managing Director, Captl Mkts
+65 3159 4021
Robert Garrish
Managing Director, Capital Markets
+65 3159 4021
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