103 & 105 Chesapeake Blvd-Sale


Building Area Net

Portfolio description


103 and 105 Chesapeake Boulevard, Elkton, Maryland 21921

Total Square Footage:




In-Place NOI:


Weighted Average Lease Term:

6.60 Years

Investment Highlights

  • Best-in-Class Office Park – 103 and 105 Chesapeake are located in the well maintained Chesapeake Corporate Center one of very few office products in Cecil County offering ample parking, a corporate setting, and immediate access to Route 40
  • Stable Tenancy: 73% government tenancy - 27% medical tenancy – All five government tenants are divisions of state and federal agencies. The two medical tenants located in 103 Chesapeake Blvd are part of larger regional or national medical groups
  • Tenant retention averaging over 20 years at the location – The USDA is the most recent tenant to move into the Properties in 2004
  • Recent long-term commitment from the Maryland Motor Vehicle Administration – MVA has agree to a 10-year renewal. The Driving Test Area was repaved in May and is one of the few locations in the state that can accommodate the Commercial Driving Test
  • Long-term additional development potential under the Driving Test Area
  • Within a cluster of medical and government buildings serving the city of Elkton and Cecil County – Located next to the Cecil County Administration office, the Cecil County Sheriff’s department and the Cecil County Department of Emergency Services
  • “Shadow Anchored" by a Super Wal-Mart in a thriving retail corridor along Route 40 – over 1.9 million square feet of retail space within 5-miles of the Properties along Route- 40
  • Strategic Mid-Atlantic Location – Cecil County is located almost directly between the Philadelphia metro and Baltimore metro areas. Tenants choose to locate in Cecil County due to the access to major metro amenities, with the benefit of lower business costs 
  • Recent Capital Improvements – All HVAC units were replaced in 2019. The MVA Driving Test Area was recently repaved striped

There was an error submitting your request. Please try again, or submit you inquiry here.



Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
103 & 105 Chesapeake Blvd-Sale (1 Properties)
103 Chesapeake Boulevard
Elkton, United States
Expand Map Collapse Map
Last Updated Date: 29 Oct 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.