1789 Olive St

Highlights:

• Days on Market: 7
• Current Use: Industrial

Description:

Adjoins - Open Space

Legacy Plus Group is excited to offer this unique opportunity to lease a single unit with a total of 4,307SF of usable space and 23-foot ceiling clearance. The sister building, 1791 Olive St, is also available for lease at the SFP of $18 NNN. The total Building SF4,249@$18=$6,373.00 Monthly rent per unit. The units are adjacent, and the combined total space is SF8,555. The bay covered dock industrial condo units for lease in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to take advantage of rising industrial lease rates and shrinking industrial inventory for a contractor or owner/user needing space conveniently located in Maryland and Washington, DC. Hard to find I-2 Zoning for heavy industrial with abundant surface parking, 3 loading docks (1 per unit), covered loading area, 23’ ceiling height, parking lot with gated security, Ideal for investor or owner/user. *Sale lease-back potential for 1789 and 1791 units. *NNN lease in place for unit 1793 Is Leased until 2028. All 3 units are adjacent, but currently demised. Hard to find I-2 zoning for heavy industrial uses with abundant surface parking.
Offer Summary, Unit 1789 4,307± SF, Unit 1791 4,249±
SF Unit 1793 3,622± SF *TOTAL 12,178± SF*
This unit has the potential for a rental income of $86,140 annually, based on the area rental estimates of $20 per SF, X 4,307 SF = 86,140.00 CAP RATE of 10%
Sister buildings are also listed on the MLS, with the MLS ID MDPG2151102. MDPG2151124