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Investment Highlights

  • Power Technology Center presents a high-impact, value-add opportunity to acquire a Class A office asset with existing rental income.
  • Prime location offering quick and convenient access to Defense Highway, West Street, Route 50, and the greater Annapolis / DC region.
  • Over $500,000 in recent capital improvements, including exterior painting, parking improvements, fitness center upgrades, LED lighting, and more.
  • Currently 33% leased by a diverse tenant mix, with the upside to fill remaining vacancies and bring rents in line with growing submarket trends.
  • Convenient proximity to premium retail, dining, and entertainment amenities at the Annapolis Mall and the Annapolis Towne Centre @ Parole.
  • Positioned on an expansive 9.35-acre lot within a competitive commercial hub, creating additional opportunities for adaptive reuse.

Executive Summary

Rosso Commercial Real Estate Services is pleased to present 201 Defense Highway, the Power Technology Center, exclusively for sale via auction. The 70,204-square-foot value-add office building has been an icon in the Annapolis area since its development in 1991 and continues to offer modern aesthetics that are appealing to businesses/tenants. The property will be delivered approximately 33% occupied by a performing tenant mix, delivering existing rental income as well as robust growth potential.

Overlooking Route 50 and located in a naturally wooded environment, the Power Technology Center seems far removed from urban life while providing quick and convenient access to Defense Highway, West Street, Route 50, and the greater Annapolis / DC Region. Expansive windows offer views of mature trees and lush greenery. The prominent building boasts amazing views, ample parking, 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.

The property has been improved with approximately $500,000 in capital improvements in recent years. Upgrades to the building include exterior painting of balconies and staircases, milling, paving, and re-striping the parking area, concrete repairs/replacements, LED lighting upgrades, fire alarm replacement, tree trimming, and on-site fitness center improvements, including lockers and showers.

The new owner of 201 Defense Highway will enjoy an upside to increase rental rates, lease up the remaining vacancies, and capture a diverse tenant mix with flexible space sizes. Office rents in the Annapolis Submarket have increased by an average of 1.2% annually over the past five years, creating a lucrative growth environment for investors. The property also provides 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 acquisition offering modern amenities, a creative, stimulating atmosphere, and a key location near major highways.

Property tours are by appointment only. Please contact the listing broker to schedule.

Offering Memorandum Click Here to Access

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Baltimore - MD USA

Market Cap Rate

Baltimore - MD USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
70,204 SF
Building Class
A
Year Built
1991
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
Parcel Number
02-000-07065015
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2025 Population
2,964
39,000
99,560
2020 Population
2,919
37,145
94,178
2030 Population
2,993
39,672
101,422
2025-2030 Projected Population Growth
1.0%
1.7%
1.9%
Daytime Employees
17,253
51,886
88,638
Total Businesses
1,350
5,909
10,215
Average Household Income
$132,020
$152,867
$156,286
Median Household Income
$110,181
$119,383
$121,621
Total Consumer Spending
$50.6M
$634.6M
$1.6B
Median Age
48.1
45.1
43.0
2025 Households
1,397
16,559
40,238
Percent College Degree or Above
32%
25%
26%
Average Home Value
$631,485
$629,656
$653,614
$ values in USD

Sale Advisors

Sale Advisors

John A. Rosso SIOR, Principal
John brings 19 years of experience to Rosso Commercial Real Estate Services. He has handled over $750 million in sales & leasing transactions and has been named by CoStar Group on six occasions as a “Power Broker”, both for Retail & Office transactions in the greater-Baltimore market, making him uniquely qualified as a true “full service” commercial real estate professional.
John gained an interest in real estate while attending high school, so he signed up for real estate classes at a local real estate office in Severna Park, earning his real estate license as a high school senior. Shortly thereafter while attending Anne Arundel Community College, he obtained a position with The Hogan Companies/Murphy-Hogan, learning about land and commercial property brokerage. After transferring to the University of MD College Park, John decided to continue to focus his career in commercial real estate, transitioning to Murphy Commercial Real Estate, where he remained for over a decade, prior to starting Rosso Commercial in late-2016.
John graduated with a Finance degree from the Robert H. Smith School of Business at the University of MD, where he was also a member of the national fraternity, Phi Delta Theta. In 2019, John achieved the SIOR designation, a professional achievement for highly-qualified commercial real estate specialists with a strong and sustained transactional history in brokerage, fee-based services or executive management. John is a member of ICSC (International Council of Shopping Centers) and has been active in the CCIM Program (Certified Commercial Investment Manager). Additionally, John was appointed by former-AA County Executive Steve Schuh to serve on the Agricultural-Tourism Commission focused on maximizing economic development in Southern Anne Arundel County while preserving its rural nature. In 2024, John was recognized by the Baltimore Business Journal as a top 40 under 40 in the Baltimore region.
Community involvement includes service on the board of trustees for the Community Foundation of Anne Arundel County, one of the largest funders of nonprofit organizations in the county. John also serves on the board of directors for the Anne Arundel Community College Foundation, along with Rise & Shine Bakery, a social enterprise non-profit providing job skills to those with employment barriers. He previously served as a board member for the Greater Severna Park & Arnold Chamber of Commerce, Anne Arundel Commercial & Industrial Association (AACIA), The ARC of the Central Chesapeake, Creating Communities and Lifting Anne Arundel (a philanthropic giving circle in the County).  John also participates each year in Fish for a Cure on team “Reel Counsel”, where he and his teammates have raised over $610k in support of the Cancer Survivorship Program at Luminis Health/AAMC.
Colin Lennon, Senior Vice President
Colin is a Vice President with Rosso Commercial Real Estate Services and licensed in MD, DC & VA. He brings 12 years of brokerage experience in the region to Rosso, having spent those years in Washington, DC with The Ezra Company and representing clients throughout the mid-Atlantic. Colin works tirelessly to identify opportunities and negotiate solutions for his clients. Throughout this unique process, he assists clients to develop a strategic and comprehensive plan specific to the real estate needs of their organization.

Colin’s depth of professional experience is in a variety of capacities involving contract negotiation, development, marketing and project management over the last 16 years. With clients such as The Association of Zoos and Aquariums, Gentle Giant Moving & Storage, Epsilon Inc, EDF, Brodeur Partners, Montgomery County Chamber of Commerce, by George Hospitality, Anduril Industries, Aitheras, The Discovery Channel, Coca-Cola, Kozmo.com, UrbanFetch.com, AT&T, 2U and American Continental Group, Colin developed a unique skill set to foster relationships with his clients. Being able to understand the long-term objectives and strategies of his clients, Colin and his team have a distinct advantage in the market.

Colin is a graduate of St. Lawrence University in Upstate New York and prior to Rosso played professional soccer in Ireland and in the United States. Additionally he has coached at the youth levels and also spent 5 years as an Assistant Coach at The George Washington University. His vast experience in managing people as well as small and large companies alike, makes him a tremendous asset to any organization looking to save money and leverage opportunities when it comes to managing their real estate. He is also of the mindset that his experiences along the way from attending the 2002 Winter Olympics with an entrepreneurial class at GW to skydiving with colleagues on the Discovery Channel EcoChallenge Tour were times he learned best about the variety of experiences that develop our understanding of opportunities not often taken easily.

When not in the office or working with a client, you will always be able to find Colin close to a soccer ball in one capacity or another or spending time with his two daughters, Katharine and Aoife, in the youth sports of Annapolis, where he resides with his wife of 17 years, Laurel.
Ryan Brassel, SIOR, Principal
Ryan brings 13 years of experience to Rosso Commercial Real Estate. Ryan has handled over $175 million in sales and leasing transactional value.

Ryan represents Office/Medical, Retail/Restaurant and Industrial clients, and handles the Sales & Leasing of commercial real estate assets and projects in the Baltimore-Washington Corridor. Prior to working with Rosso Commercial, Ryan served as Vice President for Murphy Commercial Real Estate for several years. Prior to Murphy Commercial, Ryan worked for the E&J Gallo Winery out of California.

Ryan graduated from Fairfield University in Fairfield, CT with a degree in Marketing and Management. He was a Division I Lacrosse Scholar Athlete.

Ryan currently serves as Treasurer for the West Annapolis Business Affiliation, formerly served as the President for the AACIA (Anne Arundel County Commercial & Industrial Association), former 40 under 40 for the Cystic Fibrosis Foundation, member of the Building Traditions Society (Anne Arundel Medical Center), & recently started a Pancreatic Cancer Fundraising Walk in Annapolis by teaming with the non-profit, The Lustgarten Foundation out of New York.

Recent Clients include:  Black Market Bakers, Senor Chile,  Dunkin’ Donuts, Turning Point Education Services, SafeLight, Primrose Schools, BurgerFi, Crumbl Cookies, Fence & Deck Connection, AIDS Healthcare Foundation, Arthritis Care Specialists of MD, Ameriprise Financial, Grander Capital Partners, Thomas Park Investments, Annapolis Capital Partners, MRE, Koch Development, The Beatson Companies, Helmsman Property Management, Petrie Richardson Ventures, Abrams Development Group, W&P Nautical, and more...
In his free time, Ryan enjoys running, playing golf, watching Ravens football and Orioles baseball, and spending time at the beach with his family. He currently resides in Annapolis with his wife, Kelly, and two daughters, Savannah & Pippa.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact

Pace Zambito
Auctioneer License: Ten-X Vibhav Kapila RE Brkr 660150
  • Listing ID: 40308378

  • Date on Market: 2026-05-06

  • Last Updated:

  • Address: 201 Defense Hwy, Annapolis, MD 21401

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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