New Carrollton Town Center 8500 Annapolis Rd
64,791 SF 48% Leased Office Building New Carrollton, MD 20784 For Sale
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EXECUTIVE SUMMARY
New Carrollton Town Center mixed-use investment offers a stabilized retail and medical office center ideally located within Washington, DC’s beltway. Boasting a solid $750K+ NOI Year 1 and an approximate 8 years weighted average remaining lease term, this mixed-use asset ensures a strong, diversified cash flow for years to come.
Conveniently positioned adjacent to I-495 and just 0.7 miles from New Carrollton Purple/Orange Line Metro, MARC/AMTRACK train stations, this property enjoys high visibility with an over 42,000 daily average traffic count and is close to the large developments happening at the New Carrollton metro station.
The Town Center is approximately 4.66 acres with ample parking and a covered loading dock. With a variety of well-established retail and medical office tenants, this property presents an exceptional investment opportunity in a thriving community with promising demographics. This prime piece of real estate is at the heart of New Carrollton's bustling commercial corridor.
• 19,055 RSF Retail Shopping Center
• 46,605 SF Medical Office Center
• Retail & Office In-Place NOI over $750,000 yr 1
• 5-minutes from New Carrollton Metro Station active and planned, mixed-use development including:
o Over 1,500 residential units,
o 1.1 M SF office
o 200-key hotel proposed
• Extremely low retail vacancy (under 3.00%) on the Annapolis Rd / 450 commercial corridor
• Stabilize retail tenancy
• Attractive medical offices with potential tenant expansion space available
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Existing Urgent Care space, requires minor cosmetic upgrades
Shell Condition
2nd Gen Clinical space
Shell Condition
Shell Condition
Shell Condition
Shell Condition
Shell Condition
Space | Size | Space Use | Condition | Available |
1st Fl-Ste 100 | 3,350 SF | Medical | Full Build-Out | Now |
1st Fl-Ste 115 | 1,733 SF | Medical | Shell Space | Now |
2nd Fl-Ste 200 | 5,962 SF | Medical | Full Build-Out | Now |
2nd Fl-Ste 215 | 2,285 SF | Medical | Shell Space | Now |
2nd Fl-Ste 220 | 4,462 SF | Medical | Shell Space | Now |
2nd Fl-Ste 230 | 3,739 SF | Medical | Shell Space | Now |
2nd Fl-Ste 235 | 8,330 SF | Medical | Shell Space | Now |
2nd Fl-Ste 250 | 3,627 SF | Medical | Shell Space | Now |
1st Fl-Ste 100
Size |
3,350 SF |
Space Use |
Medical |
Condition |
Full Build-Out |
Available |
Now |
1st Fl-Ste 115
Size |
1,733 SF |
Space Use |
Medical |
Condition |
Shell Space |
Available |
Now |
2nd Fl-Ste 200
Size |
5,962 SF |
Space Use |
Medical |
Condition |
Full Build-Out |
Available |
Now |
2nd Fl-Ste 215
Size |
2,285 SF |
Space Use |
Medical |
Condition |
Shell Space |
Available |
Now |
2nd Fl-Ste 220
Size |
4,462 SF |
Space Use |
Medical |
Condition |
Shell Space |
Available |
Now |
2nd Fl-Ste 230
Size |
3,739 SF |
Space Use |
Medical |
Condition |
Shell Space |
Available |
Now |
2nd Fl-Ste 235
Size |
8,330 SF |
Space Use |
Medical |
Condition |
Shell Space |
Available |
Now |
2nd Fl-Ste 250
Size |
3,627 SF |
Space Use |
Medical |
Condition |
Shell Space |
Available |
Now |
PROPERTY TAXES
Parcel Number | 20-2272847 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $4,294,700 |