Available For Sale - Office

20,742 SF | Show Pricing $

LISTED BY

Edward Luckett
NAI Michael, 301-459-4400

AVAILABILITY DETAILS

Size
20,742 SF
Price/SF
Show Pricing $
Listing ID
SA541767
Notes
The Cheverly Professional Buildings at Cheverly Professional Office Park are an 85% occupied, 20,742 square foot neighborhood office park that offers a mix of professional services, providing a variety of community needs.



The property is offered for sale for $1,965,000. It has a capitalization rate of Seven Percent (7%) on a net operating income (NOI) of $137,696.00. It consists of two office buildings, containing a total of 20,742 square feet. They were built in 1974. Originally each was constructed as a medical office building and contained the normal medical accoutrements associated with various medical practices.



The buildings are situated near the former Prince George’s Hospital Center site, on 6001 and 6005 Landover Road, The property consists of two 2-story office buildings, conceptually designed to be divided into four units on each floor. The design flexibility envisioned the layout of from one to four units on each floor depending on demand. Each potential unit has its own restroom. Tenants pay for their electrical, and pro rata share of real estate taxes.



The site has 72 parking spaces conveniently located close to the entrance areas of the buildings. The parking ratio of 4.28 is generous. The units located on the first floor have direct at grade access while second floor units have ramp access. Public transit access is convenient with two nearby bus stops.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Edward Luckett, NAI Michael