Contacts

Omar S. McKeithan

NAI Michael

Property Details

Property Type Industrial - Warehouse/Distribution
Property Size 105,400 SF
Additional Rent Contact for pricing
Date Updated Sep 8, 2024
Dock High Doors 1
HVAC None

• Located in a development corridor—Gateway Arts District Sector Plan. Property is surrounded by new development to the northeast in Hyattsville and College Park, and to the southwest toward DC • Quick access to Route 50 and the Capital Beltway (I-495/I-95) • Close to major employers, including University of Maryland College Park • Near amenities such as Busboys Poets, Franklins, Pizza Paradiso, The Shops at Dakota Crossing, etc. • Close to neighborhoods such as Woodridge, Brookland, and HyattsvilleNAI Michael has been retained by ownership as the exclusive representative for the disposition of the 73% leased industrial portfolio in Brentwood, MD known as the 41st Street and Pennwood Portfolio. This portfolio consists of 12 industrial buildings totaling 105,400± SF on 3.5± acres of land. The 41st Street and Pennwood Portfolio is very attractive due to its flexibility. It was previously zoned Urban Light Industrial (ULI), which allows for the existing industrial uses. In 2022, the block was rezoned to Neighborhood Activity Center (NAC), which now allows for more dense mixed-use development. The portfolio can still be used as industrial until 2032, then can continue being used as industrial via a non-conforming use permit.

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Highlights

73% occupied
Total of 105,400± SF in 12 buildings
Excellent value-add opportunity
Flexible leases that can be restructured to true triple net leases
3.5± acres of developable land
Flexible prior zoning was ULI which allows for industrial use
New zoning is NAC which allows for denser mixed-use development
12 drive-ins and covered loading dock
One block off the highly trafficked Rhode Island Avenue (Route 1)
One of very few big blocks of industrial space that close to DC

Attachments

41st Pennwood FLYER.pdf (PDF) opens in new window

Getting around

73/100
Walk Score ®
86/100
Bike Score ®

Powered by Walk Score ®

City Brentwood, MD
Zip Code 20722
Market Washington DC Suburban Maryland

Points of Interest

West Hyattsville

1.42 miles
Hyattsville Crossing

1.76 miles
Riverdale

1.81 miles
Cheverly

2.51 miles
College Park

2.88 miles
Landover

3.28 miles
Capitol Heights

4.08 miles
New Carrollton

4.32 miles
Addison Road

4.81 miles
Greenbelt

5.36 miles

Rhode Island Ave MD Valero

0.23 miles
Liberty

0.28 miles
Citgo

0.72 miles
Sunoco

1.12 miles
Exxon

1.16 miles
BP

1.21 miles
Shell

1.24 miles
Baltimore Ave Valero

1.56 miles
Tesla Supercharger

2.21 miles
SAE J1772

2.69 miles

Queens Car Wash

1.20 miles
Happy Wash

1.24 miles
EZ Auto Rental

1.43 miles
Dr. Car Wash

2.76 miles
Zipcar

2.91 miles
Enterprise

3.30 miles
Zip Car

3.44 miles
College Park Car Wash

4.03 miles
Ryder

4.52 miles
Quick Car Wash

4.78 miles

Little Miner Taco

0.11 miles
Pollo Sabroso

0.15 miles
Taco Bell

0.36 miles
KFC

0.36 miles
Burger King

0.37 miles
McDonald's

0.37 miles
IHOP

0.42 miles
The Water Hole

0.52 miles
D'Oro Pizza

0.52 miles
Dodah's Kitchen

0.55 miles

In-Depth Research Available for this Property

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