Rhode Island Ave Industrial FOR SALE


North Brentwood, MD
$7,900,000 USD
202-775-7091
, North Brentwood, MD for Sale
$7,900,000 USD
Industrial - FOR SALE
1/3
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Rhode Island Ave
North Brentwood, MD


HIGHLIGHTS

  • Under the warehouse/IOS scenario, the opportunity is to substantially renovate the Property and release it long-term at market rental rates.
  • If redeveloping the Property to residential, there is an opportunity to build a mid-rise structure with up to 298 units.
  • Multifamily Redevelopment or Industrial/IOS Value Add Opportunity
  • Highly Coveted Location Inside the Capital Beltway
  • Unparralled Access to Densely Populated, High Income Marketplace

OVERVIEW

Transwestern’s Mid-Atlantic Capital Markets Group is pleased to present the value-add opportunity to acquire 4505, 4509-4511 Rhode Island Ave (the “Property”), a 42,010 sf warehouse/IOS on 2.69 acres. This opportunity has optionality by continuing to operate it as industrial/ IOS or to redevelop it as multifamily. The Property is currently leased to three tenants on a month-to-month basis at substantially below market rents.

ASK ABOUT THIS PROPERTY

Gerry TrainorTranswestern Real Estate ServicesMore Info
202-775-7091

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Gerry TrainorTranswestern Real Estate ServicesMore Info
202-775-7091

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