Log In/Sign Up
Your email has been sent.
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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 30 |
| Cap Rate | 9.00% | Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.00% |
| 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
Please call the listing agent for access information at 240-660-7291. The condo management company email address is ddkllc3@gmail.com
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1791 | 12,178 SF | Industrial | $2,500,000 ($205.29/SF) | $225,000 |
Unit 1791
| Unit Size |
| 12,178 SF |
| Condo Use |
| Industrial |
| Price |
| $2,500,000 ($205.29/SF) |
| NOI |
| $225,000 |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 1791
| Unit Size | 12,178 SF |
| Condo Use | Industrial |
| Price | $2,500,000 ($205.29/SF) |
| NOI | $225,000 |
| Sale Type | Investment or Owner User |
| Cap Rate | 9.00% |
| 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<br> <br> Please call the listing agent for access information at 240-660-7291. The condo management company email address is ddkllc3@gmail.com</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- Fenced Lot
- Mezzanine
Utilities
- Lighting
- Gas
- Water
- Sewer
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1777-1797 Olive St - 1789-1791-1793 Olive St Portfolio 3Units
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
