4061 Powder Mill Rd - Office FOR SALE
Beltsville, MD 20705 |
4061 Powder Mill Rd
Beltsville, MD 20705
HIGHLIGHTS
- Opportunity to reposition this 121,491-SF building situated on 5.52 acres. CGO zoning allows for potential residential or commercial development.
- Maryland's landlord-friendly foreclosure laws should afford a note buyer an expedited timeline to take control of the property via a judicial process.
- Ideally situated within the Centerpark mixed-use development, just off I-95, near the I-495 Beltway, and approximately 16 miles to Washington, DC.
- As of January 2023, the property was 35% leased to 10 tenants and one wireless carrier, most with near term lease expirations.
- Strong demographics: 42% of the population has a bachelor's degree or higher and the average household income is $112,236 within a five-mile radius.
- The Beltsville/Calverton office submarket is outperforming the national market with a 10.1% vacancy rate, compared to the broader national 16.1% rate.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
124491
STORIES
7
BUILDING CLASS
A
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
5.52 AC AC
LAND SF
240,451 SF
ZONING
-
APN/PARCEL ID
01-0065094
