Vista Tower Cumberland MD 21502 Vista Tower Building Summary

Home , Interstate 68

OFFICE / MEDICAL OFFICE FOR LEASE

217 Glenn St Vista Tower Cumberland MD 21502 Vista Tower Building Summary | 02

THE SPACE Location 217 Glenn St, Cumberland, MD, 21502 County Allegany Square Feet 3130 Floor 4th

Notes Highquality Medical Office fit and finish.

HIGHLIGHTS

2010, Full Renovation and Retrofit

Fully ADA Accessible POPULATION Ample Off Street Parking 1 MILE 3 MILE 5 MILE Two Elevators

HVAC 10,131 26,785 41,450

Sprinkler System

AVERAGE HOUSEHOLD INCOME

1 MILE 3 MILE 5 MILE $50,038 $54,025 $57,768

NUMBER OF HOUSEHOLDS

1 MILE 3 MILE 5 MILE 4,612 11,630 16,077 Vista Tower Location Summary | 03

Locator Map

Vista tower stands alone in Cumberland, MD as the only true class-A office building, complete with ample off-street parking.

The building underwent a multi-million dollar renovation and retrofit completed in 2010 and now boasts a core element skylight through floors three to five; a finished rooftop space built around this distinctive feature is the perfect opportunity for tenants to engage with nature throughout the day.

Located within the county's professional services hub and adjacent to the region's premier outdoor mall where dining options abound, this property is THE choice for discerning office and medical office users Cumberland, MD.

Located in the center of Western Maryland equidistant from Baltimore, Washington, D.C. and Pittsburgh. Interstate 68 runs through its heart. Main lines of CSX Transportation run through and provide access to major markets. 23,000 workers are employed across Allegany’s 1,490 businesses, more than 30 of these firms empoy over 100. Allegany County offers abundant, labor, low and undervalued real estate, and growing, collaborative educationresources. Vista Tower 4th Floor Plan | 04 Vista Tower Stacking Plan | 05 Vista Tower Property Images | 06

Suite 401 Vista Tower Property Images | 07

Suite 401 Vista Tower Property Images | 08

Suite 401 Vista Tower Property Images | 09

Suite 401 Vista Tower Demographics | 10

POPULATION 1 MILE 3 MILE 5 MILE HOUSEHOLDS 1 MILE 3 MILE 5 MILE 2000 Population 11,349 28,892 42,575 2000 Total Housing 6,230 14,297 18,976 2010 Population 10,606 27,776 42,855 2010 Total Households 4,840 12,085 16,574 2017 Population 10,131 26,785 41,450 2017 Total Households 4,612 11,630 16,077 2022 Population 9,820 26,049 40,527 2022 Total Households 4,468 11,301 15,670 2017 African American 705 1,512 4,659 2017 Average Household Size 2.13 2.23 2.26 2017 American Indian 47 83 102 2000 Owner Occupied Housing 2,759 7,916 11,547 2017 Asian 129 376 494 2000 Renter Occupied Housing 2,416 4,548 5,299 2017 Hispanic 172 388 880 2017 Owner Occupied Housing 2,234 6,791 10,329 2017 White 8,813 23,866 35,024 2017 Renter Occupied Housing 2,378 4,840 5,748 2017 Other Race 30 77 120 2017 Vacant Housing 1,287 2,426 2,900 2017 Multiracial 393 848 1,022 2017 Total Housing 5,899 14,056 18,977 2017-2022: Population: Growth Rate -3.10 % -2.80 % -2.25 % 2022 Owner Occupied Housing 2,244 6,786 10,289 2022 Renter Occupied Housing 2,224 4,515 5,381 2017 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE 2022 Vacant Housing 1,439 2,784 3,346 less than $15,000 999 2,193 2,742 2022 Total Housing 5,907 14,085 19,016 $15,000-$24,999 754 1,690 2,198 2017-2022: Households: Growth Rate -3.15 % -2.85 % -2.55 % $25,000-$34,999 627 1,623 2,077 $35,000-$49,999 607 1,531 2,122 $50,000-$74,999 677 1,905 2,772 $75,000-$99,999 383 1,087 1,696 $100,000-$149,999 390 1,062 1,630 $150,000-$199,999 64 264 399 $200,000 or greater 111 276 442 Median HH Income $33,482 $37,324 $41,072

Average HH Income $50,038 $54,025 $57,768

Source: esri Vista Tower Demographic Charts | 11

2017 Household Income

1 Mile Radius 3 Mile Radius 5 Mile Radius

2017 Population by Race

1 Mile Radius 3 Mile Radius 5 Mile Radius Vista Tower Demographic Charts | 12

2017 Household Occupancy - 1 Mile Radius

2017 Household Income Average and Median

Average Income Median Income Vista Tower Brief Economic Facts : Allegany County | 13 Vista Tower Brief Economic Facts : Allegany County | 14 Vista Tower

CONFIDENTIALITY and DISCLAIMER

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from ACRE and it should not be made available to any other person or entity without the written consent of ACRE.

By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property, please promptly return this offering memorandum to ACRE. This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. ACRE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this offering memorandum has been obtained from sources we believe reliable; however, ACRE has not verified, and will not verify, any of the information contained herein, nor has ACRE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

Prepared by

Daniel Taylor-Neumann 2407274541 [email protected]