TD&A Retained as Agent for The Sale Of the Alley Shops Portfolio in Pikesville, MD
Trout Daniel & Associates Retained as Agent for The Sale Of the Alley Shops Portfolio in Pikesville, MD
Trout Daniel & Associates, a full-service commercial real estate firm based in Timonium, has been retained as agent to sell Pikesville’s Alley Shops Portfolio, comprising 26,421 Square Feet of retail & office, located at 1326-1330 and 1420-1426 Reisterstown Road. Gilbert R. Trout, director of investment real estate at TD&A, is representing the seller.
The Alley Shops Portfolio, consisting of 5 buildings, is 95% occupied, and has enjoyed a consistently high average occupancy and low roll-over for years. Additionally, many of the 23 tenants have been at the Alley Shops for decades. Located in a Commercial Revitalization District, Baltimore County offers an investor many incentives, such as tax credits, grant, interest-free loans and free architectural services.
States Gilbert, “With its blend of charm, central location and ease of access, the Alley Shops have been a Pikesville staple for years. The Alley Shops offers an investor a rare opportunity to acquire a 95% occupied, 5-building, retail and office complex free and clear of debt, in the heart of the Reisterstown Road retail corridor, just inside the Baltimore Beltway (I-695).
The Alley Shops are a short walk from many restaurants, retailers, banks, post office, medical offices, the Pikesville Library & Senior Center and the historic State Police Headquarters.
Access is easy and parking is ample: Entry is available via Reisterstown Road, Church Lane, Bedford Avenue and McHenry Avenue. Parking is abundant, and tenants benefit from the 112 spaces, a 4.24/1,000 SF ratio. The Alley Shops is situated by three signalized intersections and is exposed to approximately 30,000 cars per day. The property has been well-maintained by the same ownership and in-house property management since 2004.”
About Trout Daniel & Associates Investment Real Estate:
TD&A has been helping our clients sell, lease, manage and develop commercial real estate since 1967. In that time, we have worked with some of the biggest and the smallest players in the local, regional and national real estate community.
It is our belief that in order to be successful we must represent the interests of our clients and not concern ourselves with fees. We have always held that if you do what is right for your clients, the financial success of the firm will follow. In that way, we have been able to build long-lasting relationships based upon trust, rather than short-term relationships that are based upon quick sales and large fees.
As our long history of property sales and our clients will testify: we don’t just make deals, we build relationships.
For more information about this sale, contact Gilbert R. Trout at firstname.lastname@example.org or at 443-921-9332.