CONFIDENTIAL OFFERING MEMORANDUM 5108 BUCHANAN … · 2018-09-25 · Silver Spring Takoma Park...
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CAPITAL MARKETS GROUP EXCLUSIVE OFFERING SMALL-BAY INDUSTRIAL INSIDE-THE-BELTWAY D.C. METRO REGION 5108 BUCHANAN STREET HYATTSVILLE, MARYLAND CONFIDENTIAL OFFERING MEMORANDUM Front View Rear View
Transcript of CONFIDENTIAL OFFERING MEMORANDUM 5108 BUCHANAN … · 2018-09-25 · Silver Spring Takoma Park...
CAPITAL MARKETS GROUP
EXCLUSIVE OFFERING
SMALL-BAY INDUSTRIAL
INSIDE-THE-BELTWAY
D.C. METRO REGION
5108 BUCHANAN STREET
HYATTSVILLE, MARYLAND
CONFIDENTIAL OFFERING MEMORANDUM
Front View
Rear View
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I N V E S T M E N T H I G H L I G H T S
MARYLAND
WASHINGTON DC
WASHINGTON D.C.
Silver Spring
Takoma Park
Bethesda
FriendshipHeights
ColumbiaHeights
Dupont Circle
NOMA
Capitol Hill
Hyattsville
Bladensburg
Cheverly Glenarden
Largo
Landover
CapitolHeights
Greenbelt
NewCarrollton
Lanham
College Park
495
495
5029
1
295
193
201
410
410
650
Greenbelt Park
United StatesNational
Arboretum
The Yards Park
The Wharf
Union Station
National Mall
Cheverly
Landover
New Carrollton
College Park
Greenbelt
Prince George’s
West Hyattsville
5108 BUCHANAN
TRANSPORTATION
Route 201 < 1 mile
Route 1 0.5 miles
DC Line 1.5 miles
I-295 1.5 miles
Route 50 2.0 miles
Hyattsville Arts District 1.0 mile
UMD College Park 3.0 miles
POPULATION DENSITY
3 mile 169,267
5 mile 580,504
10 mile 1,730,328
1.5 M
ILES T
O DC
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I N V E S T M E N T H I G H L I G H T S
5108 Buchanan Street is a small-bay industrial asset located inside-the-beltway just 1.5 miles from the DC line. The 20,492 SF, industrial asset sits on one acre and offers a 2.50 parking ratio, fenced parking, and I-1 zoning. With 200 feet of frontage on Buchanan Street and just half a mile from Route 1, the Property has 13,711 SF immediately available for an investor/occupier.
• Inside-the- Beltway, Small-Bay Industrial
• 20,492 SF, 1.00 AC + Fenced Parking, I-1 Zoning
• 13,711 SF Immediately Available for Investor/Occupier
• 1.5 miles to DC line, 200 feet of frontage on Buchanan Street
• 16’ Clear, 2.50 parking ratio, 5 drive-ins
• Historically low vacancy rate of 2.40% in Cheverly/Hyattsville Industrial Market
• ½ mile to Route 1 corridor featuring vibrant mixed-use Hyattsville Arts District, Whole-Foods anchored Riverdale Park Station, and College Park’s 150-acre Discovery District
INVESTMENT HIGHLIGHTS
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I N V E S T M E N T H I G H L I G H T S
SITE PLAN
BUCHANAN STREET
51ST
AVE
NUE
VACANTUNIT D7,426 SF
VACANTUNIT B/C6,285 SF
TIRE EXPERTSUNIT A
6,781 SF
KEY: Drive-in Vacant Exp 2019 Fence
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I N V E S T M E N T H I G H L I G H T S
AS-BUILT FLOOR PLAN
SHOWROOM/RETAIL AREA
SHOWROOM/RETAIL AREA
SHOWROOM/RETAIL AREA
STORAGE
UP
AS-BUILT FLOOR PLAN
BUCHANAN STREET
KEY: Vacant Warehouse Vacant Showroom/Retail Tire Experts Warehouse Tire Experts Showroom/Retail Drive-in
WAREHOUSEWAREHOUSEWAREHOUSE
VACANTUNIT D
WAREHOUSE: 4,588 SF SHOWROOM RETAIL: 2,838 SF
VACANTUNIT BC
WAREHOUSE: 3,565 SF SHOWROOM RETAIL: 2,300 SF
MEZZANINE: 420 SF
TIRE EXPERTS, INC. UNIT A
WAREHOUSE: 3,944 SF SHOWROOM RETAIL: 2,837 SF
EXP. 2019
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I N V E S T M E N T H I G H L I G H T S
5108 BUCHANAN
KENILWORTH AVE
201
450
BUCHANAN ST
ANNAPOLIS RDBLADENSBURG SHOPPING CENTER
UPSHUR ST1
TANGLEWOOD DR
EDMONST
ON RD
S&R SHOPPING CENTER
BALTIMO
RE AVE
1.5 MILES TO DC LINE
1.5 mile
DC Line
2.0 miles50
1.25 miles
410
1.5 miles
295
3.0 miles
1.0 MILE HYATTSVILLE
ARTS DISTRICT
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I N V E S T M E N T H I G H L I G H T S
Baltimore-Washington Int'lThurgood Marshall Airport
Washington Nat'l Airport
Dulles Int'l Airport
WASHINGTON D.C.
BALTIMORE
Alexandria
Leesburg
Arlington
McLean
Reston
Tysons
Fairfax
Saint Michaels
Gaithersburg
Silver Spring
Hyattsville
Bladensburg
Greenbelt
Owings Mills
Mount Airy
Annapolis
Frederick
Columbia
Bethesda
Potomac
Rockville
Towson
Laurel
Bowie495
495
495
49566
66
495
495
95270
270
270
97
97
95
95
95
395 95
695
695
695
95
95
95
695695
695
70
70
70
70
70
83
795
395
95
50
295
2955108 BUCHANAN
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I N V E S T M E N T H I G H L I G H T S
ROUTE 1 CORRIDOR DEVELOPMENT
The Route 1 corridor has seen gradual new development over the last ten years, but it has more recently seen visible acceleration as new projects continue to span the area. In April 2018, Washingtonian Magazine named Hyattsville and College Park, two Route 1 communities, as one of the Washington-area’s next neighborhoods to boom and poised for some of the most dramatic transformations in the decades to come. With the addition of the long-anticipated purple-line fastly approaching, the corridor will quickly turn into a dynamic transportation hub.
Hyattsville Arts District (1.0 Mile) Founded in 2001, the Gateway Arts District of PG County is a catalyst for arts-driven economic revitalization of the Route 1 corridor, spanning from Hyattsville to Mount Rainer at the DC line. The Hyattsville Arts District is D.C.’s newest suburban dining and arts destination and in the midst of a growth boom. The vibrant new town center is bustled with numerous urban restaurants and shops including Yes! Organic Market, Bus Boys and Poets and Chipotle. The dynamic live-work-play environment includes public-private partnerships that offers both below-market and standard apartment units and features 300 newly constructed EYA townhomes and live-work homes.
College Park (3.0 Miles) With an enrollment of 38,000 students, 17,000 university-related jobs and a state budget of $2.1 billion, The University of Maryland has been a prime mover in the catalyst for growth of the City of College Park. Over the last few years, College Park has evolved into one of the nation’s premier college towns, adding hundreds of high-end student housing units, a $115 million hotel and conference center and numerous mixed-use development projects still underway. As of January 2018, there were 31 university-related projects under construction, about to break ground, or recently completed, with a continued university effort to partner with developers to keep additional projects in the pipeline. Current projects include:
• The famous former Plato’s Diner and Quality Inn will be transformed into a $110 million mixed-use project totaling 400 apartments, 70,000 square feet of ground-floor retail, including grocery-anchor Lidl, fast-casual restaurants and neighborhood-oriented shops.
• At College Park Metro Station, 440 apartment units and ground floor retail is being developed by Gilbane and expected to break ground summer 2018.
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ROUTE 1 CORRIDOR DEVELOPMENT
Discovery District (3.0 miles) In 2017, the University of Maryland rebranded a 150-acre area surrounding the new $115 million hotel and conference center as the Discovery District for business and research as part of a push to revitalize the campus and College Park’s Route 1 corridor. The District encompasses the university’s M Square research park, a public-private partnership developed by Corporate Office Properties Trust, the largest research park in Maryland home to over 3,000 jobs, nearly 1.0 million SF of office space anchored by NOAA and the USDA.
Riverdale Park Station (2.0 miles) Located adjacent to the Discovery District, Riverdale Park Station is a vibrant new mixed-use development constructed in 2017 featuring a 120-key boutique hotel, 120 townhomes and 200,000 SF of retail anchored by Prince George’s County’s first Whole Foods Market.
CAPITAL MARKETS GROUP
M A RY L A N D | D . C . | V I R G I N I A
301.222.0200 • 202.587.9600 • 703.334.5600
7900 Westpark Drive | Suite A340 | Tysons, Virginia 22102
www.edgecre.com
JOE FRIEDMANPARTNER | REGIONAL DIRECTOR - DC
KELLY LAWRENCESENIOR ADVISOR
