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5120 Frolich Ln
Hyattsville, MD 20781
Frolich Lane Portfolio · Propriété À vendre
·
143 149 pi² Total
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Faits saillants de l'investissement
- Excellent value-add purchase
- Strong occupancy history and demand drivers
- Location is preferred by businesses servicing downtown Washington DC and the greater MSA
- Rare fenced parking / IOS lots
- Infill location in an established business park
- Difficult barriers to entry for new competing industrial product nearby
Résumé de l'annonce
This is a rare opportunity to own a portfolio totaling 143,149± square feet of buildings situated on 9.13± acres, zoned IH (Heavy Industrial). The portfolio consists of three industrial buildings, one office building, and approximately 3.5± acres of excess land, currently being used as secure fenced parking / industrial outdoor storage.
Due to the demand driven by its proximity to Washington DC and the incredibly low amount of industrial products in DC, the Frolich Lane Portfolio historically stays fully leased. Currently, there are two recent vacancies and two owner-occupied spaces, which will be vacant upon delivery. All these spaces total 55,348± SF, providing new ownership with an excellent leasing opportunity. The seller is also currently in discussions with prospective tenants interested in leasing the vacant space. Most leases are below market rates and are a mix of NNN, Modified Net, and Gross lease structures. This presents a significant value-add opportunity for a purchaser to mark lease rates to market and adjust lease structures to NNN, thus reducing expenses and increasing income significantly.
Due to the demand driven by its proximity to Washington DC and the incredibly low amount of industrial products in DC, the Frolich Lane Portfolio historically stays fully leased. Currently, there are two recent vacancies and two owner-occupied spaces, which will be vacant upon delivery. All these spaces total 55,348± SF, providing new ownership with an excellent leasing opportunity. The seller is also currently in discussions with prospective tenants interested in leasing the vacant space. Most leases are below market rates and are a mix of NNN, Modified Net, and Gross lease structures. This presents a significant value-add opportunity for a purchaser to mark lease rates to market and adjust lease structures to NNN, thus reducing expenses and increasing income significantly.
Faits sur la propriété
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Actif | Taille totale du bâtiment | 143 149 pi² |
| Nombre de propriétés | 4 | Superficie totale du terrain | 9,14 AC |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 143 149 pi² |
| Superficie totale du terrain | 9,14 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 5120 Frolich Ln, Hyattsville, MD 20781 | Bureau | 6 300 pi² | 1968 | - |
| 5133-5149 Frolich Ln, Hyattsville, MD 20781 | Industriel | 55 044 pi² | 1971 | - |
| 5300 Tuxedo Rd, Hyattsville, MD 20781 | Industriel | 47 150 pi² | 1985 | - |
| 5102-5124 Frolich Ln, Hyattsville, MD 20781 | Industriel | 34 655 pi² | 1963 | - |
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