Nearly adjacent to BWI Airport, two miles north of Arundel Mills, a 1.6 million square foot shopping area, and only 5 miles from Fort Meade, 1334 Ashton Road is single story flex/office building totaling approximately 37,309 sf located in Hanover, Anne Arundel County, Maryland.
Ashton Road was purchased in June 2017 from Corporate Office Property Trust (NYSE:COPT). At acquisition, it was only 40% leased. After successfully bringing the property to 100% leased, it was sold in July 2021 for $5.345M, representing a 132% appreciation in just 4 years.
The investors in this property received a 24% Internal Rate of Return (IRR) after all fees and expenses.
