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Scuderi Building 4235 28th Ave 83,411 SF 92% Leased Office Building Marlow Heights, MD 20748 For Sale
INVESTMENT HIGHLIGHTS
- 93% leased, with 100% historic occupancy
- Located in the heart of a growing government corridor, major government HQ's nearby, and significant planned government development underway
- Multiple DC Metro stations nearby and adjacent to the Capital Beltway (I-495)
- Stable, long-term government tenants - State of Maryland and Prince George’s County, both of which have a AAA Credit Rating
- Located near Joint Base Andrews, a major local economic driver and military hub for the region
- Close to many established and newly built amenity centers
EXECUTIVE SUMMARY
NAI Michael is proud to present to qualified investors the Scuderi Building, a 93% leased government office building at 4235 28th Avenue, Temple Hills, Maryland. This disposition offers a unique opportunity to acquire a stabilized, well-leased, and strategically located property in the government hub of the Washington DC / Maryland region. The building’s stability is highlighted by a recently renewed 73,132 net square foot lease with the State of Maryland, running through 2034. The surrounding area boasts multiple DC Metro stations and many major government office buildings, including the current headquarters for the US Census Bureau, headquarters for the US Citizenship and Immigration Services, and the future headquarters for the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency at St. Elizabeth’s West Campus.
Currently, the Scuderi Building is 93% leased to the State of Maryland and Prince George’s County, both of which have a AAA Credit Rating. The State of Maryland lease has recently been extended and renewed for 10 years, with over 87% of the building in long-term lease to the Maryland Department of Human Services, expiring in 2034. In addition, the Prince George’s County Office of the Sheriff has been a tenant for over 20 years. These occupants have found this location to be ideal for their needs, and have demonstrated this by maintaining steady occupancy long-term. The tenant make-up is 100% steady government users, offering a prospective purchaser the highest level of confidence and reassurance.
Currently, the Scuderi Building is 93% leased to the State of Maryland and Prince George’s County, both of which have a AAA Credit Rating. The State of Maryland lease has recently been extended and renewed for 10 years, with over 87% of the building in long-term lease to the Maryland Department of Human Services, expiring in 2034. In addition, the Prince George’s County Office of the Sheriff has been a tenant for over 20 years. These occupants have found this location to be ideal for their needs, and have demonstrated this by maintaining steady occupancy long-term. The tenant make-up is 100% steady government users, offering a prospective purchaser the highest level of confidence and reassurance.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
83,411 SF
Building Class
B
Year Built/Renovated
1970/2023
Percent Leased
92%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
11,916 SF
Slab To Slab
8’
Building FAR
0.46
Lot Size
4.19 AC
Zoning
C-O - Commercial Office
Parking
335 Spaces (4.02 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
On-site parking for tenant Immediate occupancy
| Space | Size | Space Use | Condition | Available |
| 6th Floor | 6,300 SF | Office | Full Build-Out | Now |
6th Floor
| Size |
| 6,300 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
6th Floor
| Size | 6,300 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
On-site parking for tenant Immediate occupancy
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Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $516,100 | Total Assessment | $9,449,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$516,100
Improvements Assessment
$0
Total Assessment
$9,449,600
1 of 46
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Scuderi Building | 4235 28th Ave
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