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Rhode Island Ave 2 Industrial Properties Offered at $7,900,000 in North Brentwood, MD
INVESTMENT HIGHLIGHTS
- Under the warehouse/IOS scenario, the opportunity is to substantially renovate the Property and release it long-term at market rental rates.
- Multifamily Redevelopment or Industrial/IOS Value Add Opportunity
- Unparralled Access to Densely Populated, High Income Marketplace
- If redeveloping the Property to residential, there is an opportunity to build a mid-rise structure with up to 298 units.
- Highly Coveted Location Inside the Capital Beltway
EXECUTIVE SUMMARY
Transwestern’s Mid-Atlantic Capital Markets Group is pleased to present the value-add opportunity to acquire 4505, 4509-4511 Rhode Island Ave (the “Property”), a 42,010 sf warehouse/IOS on 2.69 acres. This opportunity has optionality by continuing to operate it as industrial/ IOS or to redevelop it as multifamily. The Property is currently leased to three tenants on a month-to-month basis at substantially below market rents.
PROPERTY FACTS
| Price | $7,900,000 | Number of Properties | 2 |
| Price / SF | $181.88 / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 43,435 SF |
| Sale Type | Investment | Total Land Area | 2.68 AC |
| Status | Active |
| Price | $7,900,000 |
| Price / SF | $181.88 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 43,435 SF |
| Total Land Area | 2.68 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 4509-4511 Rhode Island Ave, North Brentwood, MD 20722 | Industrial | 42,010 SF | 1965 | - |
| 4505 Rhode Island Ave, North Brentwood, MD 20722 | Industrial | 1,425 SF | 1960 | - |
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CONTACTS
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Gerry Trainor -
James Cardellicchio -
Rowan Miller -
Transwestern Real Estate Services
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