offering memorandum stormin normans€¦ · tax questions should be discussed by the party with a...

KW COMMERCIAL

2331 York Road, Ste. 100

Timonium, MD 21093NICHOLAS PISCATELLIAssociate Broker Keller Williams [email protected] #57522

Stormin Normans

OFFERING MEMORANDUM

PRESENTED BY:

BALTIMORE, MD

OFFERING MEMORANDUM

www.kwcommercial.com 2

KW COMMERCIAL

2331 York Road, Ste. 100

Timonium, MD 21093

NICHOLAS PISCATELLIAssociate Broker Keller Williams [email protected] #57522

Confidentiality & Disclaimer

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by Towson in compliance with all applicable fair housingand equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

BALTIMORE, MD

http://www.kwcommercial.com


PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

COMPLETE HIGHLIGHTS

ADDITIONAL PHOTOS

1PROPERTY INFORMATION

STORMIN NORMANS

STORMIN NORMANS

PROPOSAL FOR COMMERCIAL SERVICES

OFFERING MEMORANDUM


Executive Summary

STORMIN NORMANS 1 | PROPERTY INFORMATION


PROPERTY OVERVIEWPrime location includes large 27000 sf parcel with 6500 servicefacility including 5 service bays with lifts and 3 additional bays, w/additional large fenced storage area. Large open paved lot for usedcar business and guest parking.

PROPERTY FEATURESOpportunity for multiple businesses

27,000 sf on busy thorough fare Near MVA and Midline autoparts

6750 Auto service facility Including 5 Bay w lifts and 3additional bays

Large fenced years with Truck and forklift

Additional rear lot could accommodate car storage

SALE PRICE: $1,600,000

LOT SIZE: 0.62 Acres

BUILDING SIZE: 27,000 SF

YEAR BUILT: 1967

RENOVATED: 2012

ZONING: C-3-2

MARKET: Baltimore Northwest

CROSS STREETS: Tippett


PROPERTY OVERVIEWPrime location includes large 27000 sf parcel with 6500service facility including 5 service bays with lifts and 3additional bays, w/ additional large fenced storage area.Large open paved lot for used car business and guestparking.

LOCATION OVERVIEWLocated on heavily traveled Reisterstown Rd near MVA andMidline Auto parts

BUSINESS INCLUDESAuto Service Center with existing customer base.

ADDTIONAL ASSETSNew Alignment machine, Truck, Forklift and Inventoryall lifts and Co2 machine. Car salvage Inventory

DEALER LICENSEIncluded is a dealer license to sell used cars on the site.

Property Description




Property Details



PROPERTY NAME: Stormin Normans

STREET ADDRESS: 5329 Reisterstown Rd

CITY, STATE, ZIP: Baltimore, MD 21215

PROPERTY TYPE: Retail

GROSS LEASABLE AREA: 27000

BUILDING CLASS: Auto Service

ZONING: C-3-2

YEAR BUILT: 1967

NUMBER OF STORIES: 1

FOUNDATION: Concrete

WALLS: Brick and Concrete


Complete Highlights


PROPERTY HIGHLIGHTS

• Opportunity for multiple businesses

• 27,000 sf on busy thorough fare Near MVA and Midlineauto parts

• 6750 Auto service facility Including 5 Bay w lifts and 3additional bays

• Large fenced years with Truck and forklift

• Additional rear lot could accommodate car storage




Additional Photos



LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

ADVISOR BIO & CONTACT 1

2LOCATION INFORMATION

STORMIN NORMANS

STORMIN NORMANS

PROPOSAL FOR COMMERCIAL SERVICES

OFFERING MEMORANDUM

5329 Reisterstown Rd

Regional Map

STORMIN NORMANS 2 | LOCATION INFORMATION




Location Maps



Aerial Map




Advisor Bio & Contact 1


[email protected]

Nicholas Piscatelli

ASSOCIATE BROKER KELLER WILLIAMS FLAGSHIP

BACKGROUND

Specializing in the sale of multi-family properties, office buildings, restaurants developing, leasing and consulting on historicproperties. A real estate Broker and developer with over 40 years of experience. Purchased and/or sold over 300 single andmulti family properties. Developed and or operated several restaurants, hotels, and multiple other commercial enterprises.Developed over 400 apartment units in several different apartment buildings, and condominium regimes, Procured andsyndicated several projects using Historic Tax credits and low income housing tax credits. As President of Tax saleInvestors,we purchased over 15,000 tax liens in Maryland for over 7 years. Associate Broker with KW Commercial. Broker ofMaryland Commercial Ventures. Recently certified in International Property Sales as a CIPS designee.

EDUCATION

2016Certified International Property Specialist1979-1980Studied Business and Marketing University of Baltimore1970-1972L'Ecole Bachelors degree Restaurant and Hotel management1968-1970Culinary Institute of America trained as an Executive Chef

MEMBERSHIPS & ASSOCIATIONS

National Association Of RealtorsGreater Baltimore Board of RealtorsCertified International Property SpecialistKnight Of Grace- Order Saint John of JerusalemBoard member Aids Interfaith Residential Services (non-profit) 1990-1996, 2010-2014Board member Jobs Housing Recovery(non-profit) 2012-2014Executive Director American Dream House(non-profit)1996-Present

Awards:Baltimore Heritage AwardHistoric Preservation AwardCraftsmanship AwardDowntown Developer Award Mercantile Bldg. (Baltimore)Midtown Development Award 106 E Chase St (Mt Vernon)(3) Best of Baltimore Awards (Redwood Trust)



offering memorandum stormin normans€¦ · tax questions should be discussed by the party with a...

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