8181 Professional Pl - Office FOR SALE


Landover, MD 20785
$11,800,000 USD
202-603-5587
8181 Professional Pl, Landover, MD for Sale
$11,800,000 USD
Office - FOR SALE
1/30
null | Request Cap Rate

8181 Professional Pl
Landover, MD 20785


HIGHLIGHTS

  • TOD: Within a quarter mile of MARC, Amtrak, Greyhound, two Metro stations, I-95, I-496 and Rt. 50
  • Zoning allows for 175 units per acre
  • Locations qualifies for Opportunity Zone, Qualified Census Tract (QCT) and eligibility for Maryland's Strategic Demolition Fund
  • Patient seller allows for closing contingent on entitlements and comprehensive LIHTC financing
  • Office tenants feature a 1 year demolition clause in lease
  • Offers Due September 20 unless asking price is received

OVERVIEW

BridgeWater Real Estate Brokerage is proud to exclusively present for sale this 3.21-acre transit-oriented development opportunity in New Carrollton, Maryland. The property address is 8181 Professional Place, which is within a quarter mile from I95-, I-495 and Rt. 50, as well as the New Carrollton MARC, Next Gen High Speed Amtrak, Greyhound, and both Orange Line and future Purple Line Metro stations, making this the DC area’s second most multi-modal transit hub behind Union Station. The property is located in the New Carrollton Transit District Overlay Zone, as well as in both a Qualified Opportunity Zone and a Qualified Census Tract (QCT). The location is eligible for Maryland's Strategic Demolition Fund. The seller is patient and understands the need for a developer’s closing to be contingent upon full entitlements and comprehensive Low Income Housing Tax Credit (LIHTC) financing. The property is zoned Regional Transit Oriented – High – Edge (RTO-H-E), which reflects the county’s desire for high-density development near transit centers, allowing 175 units per acre. The property is improved by TreeTops, a 60,264 square foot income generating office building built in 1981. All leases provide a demolition clause with one year notice.

FOR SALE DETAILS

PRICE

$11,800,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TreeTops Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

204

LAND DETAILS

LAND ACRES

3.21 AC

LAND SF

139,828 SF

ZONING

RTO-H-E

APN/PARCEL ID

20-2223832

ASK ABOUT THIS PROPERTY

Adam SteinBridgeWater Real Estate BrokerageMore Info
202-603-5587

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Adam SteinBridgeWater Real Estate BrokerageMore Info
202-603-5587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.