2305 51st Pl — Sale in Hyattsville, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Hyattsville, MD 20781
  • Year built: 1965

Investment Figures

Cap rate
6.49%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 2305 51st Place, Hyattsville, MD 20781. This 15,120 SF warehouse sits on a 0.48-acre lot with heavy industrial zoning. It is conveniently located at the intersection of US-50 and the Baltimore-Washington Parkway, providing quick access to I-495 and Washington, D.C. The building is currently occupied by Action Fabricators and Erectors, LLC on an absolute NNN lease with approximately 1 year remaining and no renewal options. The lease can be terminated with a 90-day written notice, making this opportunity ideal for an owner-user. The warehouse consists of two large spaces: one with concrete block construction and the other sheet metal construction. The concrete portion is 15,120 SF, including roughly 2,520 SF of second story office space. The warehouse features 18’ clear heights, 2 cranes, 4 gas-fired heaters, 1 bathroom, and a break room that includes private lockers. Additionally, there is a large mezzanine area that includes additional office and/or storage space. The office is two stories with two separate stairways connecting the two floors. The first-floor features 2 large rooms with multiple personal desks in each, a reception area, kitchen area, and 2 bathrooms. The second-floor consists of 4 private offices, 2 bathrooms, washer/dryer hook up, and connects to the mezzanine area in the warehouse. An interior oversized drive-in door connects the 15,120 SF concrete-block warehouse to the metal-construction storage area. This storage area features high ceilings and is currently used primarily for vehicle parking. There are three additional oversized drive-in doors to the exterior of the building from the metal-covered storage area. Strategically located just 2-minutes from the D.C. border, 2305 51st Place sits in an infill industrial pocket with many national brands, such as Pepsi, Sunbelt Rentals, and United Rentals. The industrial vacancy rate (for buildings 100k SF or less) w

Market Context

This industrial in Hyattsville, MD is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1965. It has been on the market for 101 days. Compare it against other industrial listings for sale in Hyattsville, MD — view the full market.

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