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TreeTops Office Building 8181 Professional Pl 60,000 SF 98% Leased Office Building Landover, MD 20785 $11,800,000 ($196.67/SF)
INVESTMENT HIGHLIGHTS
- TOD: Within a quarter mile of MARC, Amtrak, Greyhound, two Metro stations, I-95, I-496 and Rt. 50
- Locations qualifies for Opportunity Zone, Qualified Census Tract (QCT) and eligibility for Maryland's Strategic Demolition Fund
- Office tenants feature a 1 year demolition clause in lease
- Zoning allows for 175 units per acre
- Patient seller allows for closing contingent on entitlements and comprehensive LIHTC financing
- Offers Due September 20 unless asking price is received
EXECUTIVE SUMMARY
BridgeWater Real Estate Brokerage is proud to exclusively present for sale this 3.21-acre transit-oriented development opportunity in New Carrollton, Maryland.
The property address is 8181 Professional Place, which is within a quarter mile from I95-, I-495 and Rt. 50, as well as the New Carrollton MARC, Next Gen High Speed Amtrak, Greyhound, and both Orange Line and future Purple Line Metro stations, making this the DC area’s second most multi-modal transit hub behind Union Station.
The property is located in the New Carrollton Transit District Overlay Zone, as well as in both a Qualified Opportunity Zone and a Qualified Census Tract (QCT). The location is eligible for Maryland's Strategic Demolition Fund.
The seller is patient and understands the need for a developer’s closing to be contingent upon full entitlements and comprehensive Low Income Housing Tax Credit (LIHTC) financing.
The property is zoned Regional Transit Oriented – High – Edge (RTO-H-E), which reflects the county’s desire for high-density development near transit centers, allowing 175 units per acre.
The property is improved by TreeTops, a 60,264 square foot income generating office building built in 1981. All leases provide a demolition clause with one year notice.
The property address is 8181 Professional Place, which is within a quarter mile from I95-, I-495 and Rt. 50, as well as the New Carrollton MARC, Next Gen High Speed Amtrak, Greyhound, and both Orange Line and future Purple Line Metro stations, making this the DC area’s second most multi-modal transit hub behind Union Station.
The property is located in the New Carrollton Transit District Overlay Zone, as well as in both a Qualified Opportunity Zone and a Qualified Census Tract (QCT). The location is eligible for Maryland's Strategic Demolition Fund.
The seller is patient and understands the need for a developer’s closing to be contingent upon full entitlements and comprehensive Low Income Housing Tax Credit (LIHTC) financing.
The property is zoned Regional Transit Oriented – High – Edge (RTO-H-E), which reflects the county’s desire for high-density development near transit centers, allowing 175 units per acre.
The property is improved by TreeTops, a 60,264 square foot income generating office building built in 1981. All leases provide a demolition clause with one year notice.
DATA ROOM Click Here to Access
- Property Info
- Zoning
- New Legislation
- RRIF - New TOP Financing Option from USDOT
- Relevant News Articles
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
60,000 SF
Building Class
B
Year Built/Renovated
1981/1999
Price
$11,800,000
Price Per SF
$196.67
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
30,000 SF
Slab To Slab
10’
Building FAR
0.43
Lot Size
3.21 AC
Opportunity Zone
Yes
Zoning
RTO-H-E - High-intensity, vibrant, mixed-use centers intended to capture the County’s growth and development. Extremely walkable, bikeable, and well-connected.
Parking
204 Spaces (3.4 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Fitness Center
- Metro/Subway
- Security System
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
fully built out office space.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 205 | 1,444 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 205
| Size |
| 1,444 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
2nd Fl-Ste 205
| Size | 1,444 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
fully built out office space.
1 1
PROPERTY TAXES
| Parcel Number | 20-2223832 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,643,000 |
PROPERTY TAXES
Parcel Number
20-2223832
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,643,000
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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TreeTops Office Building | 8181 Professional Pl
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