KLNB has arranged the sale of 400 E. Joppa Road, a four-story office building in the heart of Towson, Maryland, for $2.65 million. The 16,000-square-foot property is described as prominently positioned at the corner of E. Joppa Road and Fairmount Avenue, offering a central Towson address with access to key institutional and commercial demand drivers.
Senior Vice President Don Schline and Principal Joe Nolan, SIOR, led the transaction for KLNB. The firm ran an exclusive four-month marketing campaign for the seller, during which the asset attracted what KLNB characterized as exceptional investor interest. That process generated multiple full-price offers before the selected buyer moved forward to closing.
The purchaser is an owner-user investment group that intends to occupy part of the building. At the same time, the group plans to retain the existing tenant base, maintaining the property's current income stream while introducing an owner-occupied component. No additional details about the buyer or seller were disclosed.
The property's location provides immediate proximity to several Towson anchors, including Downtown Towson, Towson University, Towson Town Center, and Greater Baltimore Medical Center. This positioning places 400 E. Joppa Road within a heavily trafficked corridor surrounded by educational, retail, and healthcare institutions.
On-site infrastructure includes 56 parking spaces serving the four-story building. Ownership has recently invested in a series of capital improvements, such as a new roof, new HVAC systems, and refreshed common areas. These upgrades are intended to enhance building performance and tenant experience while reducing near-term maintenance needs for the new owner-user group.
The completed sale underscores ongoing investment activity in smaller office assets in established suburban nodes like Towson, particularly where buildings have been recently improved and are supported by nearby institutional and retail amenities.
