Property tours are available by appointment ONLY. Please contact James Molloy to schedule a site tour at james.molloy@am.jll.com or 202-719-5788. Investment Highlights: 82% occupied, Class A, office Building Value add opportunity through lease-up at market rates Constructed in 2004 and offers two stories of multi-tenant office space Building includes a fully functional back-up power generator Building includes functioning fiber optic connections to the local data network Located in one of the most prominent and amenity rich areas in Hagerstown Regional Airport located within one mile and minutes from Downtown Hagerstown Located on the North end of Hagerstown in immediate proximity to Interstate 81, within 6 miles of Interstate 70, and minutes from the Pennsylvania border Investment Overview: The Hub Business Center is a class A, office building, located at 13511 Label Lane in Hagerstown, MD. The Hub Business Center sits on a ±4.69 acre lot, features ±63,394 rentable SF, and is currently more than 82% leased. The 2-story building was constructed in 2004, and offers 303 surface spaces (4.8/1000). The building is constructed of concrete, steel, glass and dryvit and offers ceiling heights of approximately 9' finished. The main lobby is appointed with marble floors and wood paneling and there is one car elevator that serves 2 floors. The Property is currently 82% occupied by 3 tenants: Susquehana Bank, Payflex, and Senior Benefit Services. Susquehana Bank had a lease that commenced 3/2005 through 2/2020 however, this tenant has already vacated the Property. The main tenant currently occupying the Hub Business Center is Payflex, occupying ±5,500 SF with a lease that commenced in 2010 and expires in 2021. Payflex helps to deliver tax and savings benefits to users across the country and they were recently awarded “2015 Best Benefits Delivery” after receiving a nomination by MasterCard. The Hub Business Center offers a sophisticated office atmosphere and is conveniently located on the north side of Hagerstown, Maryland with visibility along Interstate 81. The Property is ideally located in one of the most prominent areas in Hagerstown along Interstate 81, within 6 miles from Interstate 70 and less than 3 miles from the Pennsylvania border. The Hub Business Center is also located less than 35 miles from Frederick, Maryland and is less than 85 miles from Harrisburg, Pennsylvania, Baltimore, Maryland and Washington, D.C. This Property is within the Hagerstown-Martinsburg MSA and includes the cities of Hagerstown, Maryland, Martinsburg, West Virginia, and surrounding areas in Washington County, Maryland, Berkeley County, WV, and Morgan County, WV. Located approximately 65 miles west of Baltimore and Washington, DC, Hagerstown has a long history as a center of trade, transportation, and industry. Hagerstown, Maryland is located at the intersection of two major interstates (I-70 and I-81) and is easily accessible from Metro DC, Baltimore, Southern Pennsylvania and West Virginia. Low business costs and a favorable location at the confluence of two major interstate highways, I-70 and I-81, provide lasting advantages and have earned Hagerstown the nickname of “Hub City.” Less than an hour from the nation’s most densely-populated region, Hagerstown combines unsurpassed transportation and logistics with affordability, a strong workforce and an outstanding quality of life. This opportunity offers investors a well-situated asset in an amenity rich market within Hagerstown with value add through lease-up of the available ±18% of GLA at market rates.
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