Frolich Lane Portfolio 4 biens | Hyattsville, MD

This is a rare opportunity to own a portfolio totaling 143,149± square feet of buildings situated on 9.13± acres, zoned IH (Heavy Industrial). The portfolio consists of three industrial buildings, one office building, and approximately 3.5± acres of excess land, currently being used as secure fenced parking / industrial outdoor storage.
Due to the demand driven by its proximity to Washington DC and the incredibly low amount of industrial products in DC, the Frolich Lane Portfolio historically stays fully leased. Currently, there are two recent vacancies and two owner-occupied spaces, which will be vacant upon delivery. All these spaces total 55,348± SF, providing new ownership with an excellent leasing opportunity. The seller is also currently in discussions with prospective tenants interested in leasing the vacant space. Most leases are below market rates and are a mix of NNN, Modified Net, and Gross lease structures. This presents a significant value-add opportunity for a purchaser to mark lease rates to market and adjust lease structures to NNN, thus reducing expenses and increasing income significantly.