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1777-1797 Olive St - 1789-1791-1793 Olive St Portfolio 3Units 12,178 SF Industrial Condo Unit Offered at $2,500,000 in Capitol Heights, MD 20743
Executive Summary
There are about 42 shared parking spaces. The area is gated and secured.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Fenced Lot
- Mezzanine
Utilities
- Lighting
- Gas
- Water
- Sewer
1 Unit Available
Unit 1791
| Unit Size | 12,178 SF | Cap Rate | 9.00% |
| Price | $2,500,000 | NOI | $225,000 |
| Price Per SF | $205.29 | No. Parking Spaces | 30 |
| Condo Use | Industrial | Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Unit Size | 12,178 SF |
| Price | $2,500,000 |
| Price Per SF | $205.29 |
| Condo Use | Industrial |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.00% |
| NOI | $225,000 |
| No. Parking Spaces | 30 |
| Sale Conditions | Bulk/Portfolio Sale |
Description
Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent industrial condo units with a loading dock in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory. Ideal for an owner-occupied or contractor needing space conveniently located in Maryland and Washington, DC. Hard to find I2 Zoning for heavy industrial with abundant surface parking, 3 loading docks, One Per unit covered loading area, 23ft ceiling height, and a gated, secure parking lot. Ideal for an investor or owner/user. Sale lease-back potential for 1789 and 1791 units. NNN lease tenant for unit 1793 is leased until 2028. All 3 units are adjacent, but currently demised. Hard to find I-2 zoning for heavy industrial uses with abundant surface parking. Offer Summary, Unit 1789 4,307± SQF, Unit 1791 4,249 SQF, Unit 1793 3,622 SQF TOTAL 12,178SQF. Each unit has the GRI $75,759.67-Value $833K Return CAP 9%. Sister buildings are also listed on MLS ID MDPG2151102. MDPG2151124 Please do your due diligence to verify all of the information. PORTFOLIO PURCHASE OF ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)Parcel IDs 17023792892-17023792884-17023792876
Please call the listing agent for access information at 240-660-7291. The condo management company email address is ddkllc3@gmail.com
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1777-1797 Olive St - 1789-1791-1793 Olive St Portfolio 3Units
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