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Power Technology Center 201 Defense Hwy 70,204 SF 33% Leased Office Building Annapolis, MD 21401 $9,770,044 CAD ($139.17 CAD/SF)
INVESTMENT HIGHLIGHTS
- High Visibility
- Unique feature of loading dock and freight elevator
- Campus like setting
- High Ceilings in offices
- Abundance of natural light
- Premium Building Signage
EXECUTIVE SUMMARY
CALL FOR OFFERS (DUE BY 12/23/2025)
Asking Price: $6,999,000 (Was $8,750,000)!
Prominent Commercial Property For Sale in Annapolis. This value-add/investment and/or owner-occupant commercial property is highly visible from Rt. 50 with Premium building signage available (165,000 cars + per day). The 70,204 SF +/- building was originally constructed as a headquarters for a Finnish company in the late 1990s, and is suited on 9+ acres with W1 Zoning and Town Center Overlay (TC) allowing for the potential redevelopment for a residential conversion.
Currently 33% leased, there is a first floor available ~35,000 SF, allowing for a terrific owner occupant opportunity with some built-in cash flow in place from other existing Tenants. Property Owner recently spent over $500,000 on capital improvements.
The Power Technology Center provides very quick and convenient access to Defense Hwy, West Street, Route 50, and the greater Annapolis / DC Region. Expansive windows offer views of mature trees and lush greenery. The building boasts amazing views, ample parking (4 per 1000), and the opportunity to create a unique office environment to inspire clients and employees alike. Eight all-glass projecting bay areas create an ideal setting for conference rooms and collaborative work areas, while six balconies promote an atmosphere of open space and freedom.
201 Defense Highway also provides a purchaser with the opportunity for an adaptive reuse project considering the size of the overall site, the existing structure, and the current occupancy of the building. 201 Defense is truly an exceptional environment offering modern amenities and a creative, stimulating atmosphere.
Contact Broker for more Details
Asking Price: $6,999,000 (Was $8,750,000)!
Prominent Commercial Property For Sale in Annapolis. This value-add/investment and/or owner-occupant commercial property is highly visible from Rt. 50 with Premium building signage available (165,000 cars + per day). The 70,204 SF +/- building was originally constructed as a headquarters for a Finnish company in the late 1990s, and is suited on 9+ acres with W1 Zoning and Town Center Overlay (TC) allowing for the potential redevelopment for a residential conversion.
Currently 33% leased, there is a first floor available ~35,000 SF, allowing for a terrific owner occupant opportunity with some built-in cash flow in place from other existing Tenants. Property Owner recently spent over $500,000 on capital improvements.
The Power Technology Center provides very quick and convenient access to Defense Hwy, West Street, Route 50, and the greater Annapolis / DC Region. Expansive windows offer views of mature trees and lush greenery. The building boasts amazing views, ample parking (4 per 1000), and the opportunity to create a unique office environment to inspire clients and employees alike. Eight all-glass projecting bay areas create an ideal setting for conference rooms and collaborative work areas, while six balconies promote an atmosphere of open space and freedom.
201 Defense Highway also provides a purchaser with the opportunity for an adaptive reuse project considering the size of the overall site, the existing structure, and the current occupancy of the building. 201 Defense is truly an exceptional environment offering modern amenities and a creative, stimulating atmosphere.
Contact Broker for more Details
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
70,204 SF
Building Class
A
Year Built
1990
Price
$9,770,044 CAD
Price Per SF
$139.17 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
23,401 SF
Slab To Slab
10’
Building FAR
0.17
Lot Size
9.60 AC
Zoning
W1B, Anne Arundel Co - Light Industrial, W1 (AACo) with Town Center Overlay (TC) allowing for the
potential redevelopment for a residential conversion.
Parking
300 Spaces (4.27 Spaces per 1,000 SF Leased)
AMENITIES
- Fitness Center
- Skylights
- High Ceilings
- Natural Light
- Shower Facilities
- Monument Signage
- Outdoor Seating
- Balcony
PROPERTY TAXES
| Parcel Number | 02-000-07065015 | Improvements Assessment | $1,983,588 CAD |
| Land Assessment | $7,177,973 CAD | Total Assessment | $9,161,561 CAD |
PROPERTY TAXES
Parcel Number
02-000-07065015
Land Assessment
$7,177,973 CAD
Improvements Assessment
$1,983,588 CAD
Total Assessment
$9,161,561 CAD
CONTACTS
-
Ryan Brassel -
John A. Rosso SIOR -
Colin Lennon -
Rosso Commercial Real Estate Services
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Power Technology Center | 201 Defense Hwy
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