2003 Beaver Road
Logistics | Landover, MD
Logistics facility located in Landover, Maryland, a prime infill location within the submarket of Prince George’s County – the second most populated county in the state of Maryland.
Investment Details
- Property Type
- Logistics
- Location(s)
-
Landover, MD
- Square Feet
- 38,000 sq. ft.
Transaction Details
- Acquired
- 2022
- Purchase Price
- $9 million
- Ownership %
- 100%
Investment Details
- Property Type
- Logistics
- Location(s)
-
Landover, MD
- Square Feet
- 38,000 sq. ft.
Transaction Details
- Acquired
- 2022
- Purchase Price
- $9 million
- Ownership %
- 100%
Logistics facility located in Landover, Maryland, a prime infill location within the submarket of Prince George’s County – the second most populated county in the state of Maryland.
Asset Highlights
The facility consists of over 38,000 sq. ft. dedicated to freezer/cooler space featuring 1983 vintage, gated security, and 5 loading docks, situated on 2 acres of land.
The property is fully leased to single-tenant with annual rent increases.
Tenant is a leading international fresh-cut flower and produce distribution company, offering a complete procurement and logistics solution for the market.
Property Gallery
Location Highlights
Immediate access to the I-495 Capital Beltway and other essential transportation highways and proximity to Downtown, Washington D.C.
The facility is strategically positioned in one of the most populated metro areas in the country
Prince George’s County has experienced significant rent growth in recent years due to strong occupier demand and limited competitive availabilities