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Maryland Corporate Center 2 7401 Forbes Blvd 31,000 SF 100% Leased Office Building Lanham, MD 20706 For Sale
Executive Summary
KLNB Capital Markets is pleased to offer Maryland Corporate Center 2, a 31,172 SF single-story retail/flex property located at 7401 Forbes Boulevard in Greenbelt, Maryland.
• 100% leased to six tenants
• Weighted average lease term (WALT): 3.9 years
• Five of six tenants on NNN leases
• GSA is the largest tenant under a firm, non-cancellable lease through October 2032, with one 5-year extension option
• Prominent hard-corner location with signalized intersection
• Frontage along Greenbelt Road with 26,500+ AADT
• Strong signage, visibility, and full circulation
The property is positioned among new residential development and offers upside through retail re-tenanting at lease rollover. Located 0.9 miles from NASA Goddard, 7 miles from USDA Beltsville, and with immediate access to MD-295, I-495, and I-95, the asset benefits from excellent regional connectivity just 9 miles from Washington, DC and 20 miles from BWI Airport. An opportunity to acquire stable cash flow backed by federal and institutional credit tenants, with embedded long-term rent growth.
• 100% leased to six tenants
• Weighted average lease term (WALT): 3.9 years
• Five of six tenants on NNN leases
• GSA is the largest tenant under a firm, non-cancellable lease through October 2032, with one 5-year extension option
• Prominent hard-corner location with signalized intersection
• Frontage along Greenbelt Road with 26,500+ AADT
• Strong signage, visibility, and full circulation
The property is positioned among new residential development and offers upside through retail re-tenanting at lease rollover. Located 0.9 miles from NASA Goddard, 7 miles from USDA Beltsville, and with immediate access to MD-295, I-495, and I-95, the asset benefits from excellent regional connectivity just 9 miles from Washington, DC and 20 miles from BWI Airport. An opportunity to acquire stable cash flow backed by federal and institutional credit tenants, with embedded long-term rent growth.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
31,000 SF
Building Class
C
Year Built
1986
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
30,000 SF
Building FAR
0.26
Lot Size
2.77 AC
Zoning
IE - Industrial, Employment
Amenities
- Signage
- Central Heating
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 14-1675479 | Improvements Assessment | $697,400 |
| Land Assessment | $1,809,900 | Total Assessment | $2,507,300 |
Property Taxes
Parcel Number
14-1675479
Land Assessment
$1,809,900
Improvements Assessment
$697,400
Total Assessment
$2,507,300
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Maryland Corporate Center 2 | 7401 Forbes Blvd
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