DC MSA Property Portfolio

DC MSA Property Portfolio2021-12-14T15:15:39-05:00

Project Description

Cushman & Wakefield has been selected to exclusively market the sale of the DC MSA 2 Property Portfolio.

SOLD

Total Size – 165,190 NRSF

Cushman & Wakefield has been selected to exclusively market the sale of the DC MSA 2 Property Portfolio. This offering presents the rare opportunity to obtain two newly constructed Class A, facilities within the Washington, DC Suburban MSA. Recent changes in migration trends have highlighted the suburbanization of many major markets around the USA, with city dwellers moving from the urban core and relocating their families to suburbs in the surrounding communities. This opportunity with facilities in Rockville and Columbia, Maryland provides the ability to capitalize on this new normal. The portfolio provides over 165,000 Net Rentable Square Feet in one of the nation’s most dynamic markets. The Rockville facility will be delivered upon Certificate of Occupancy, scheduled for early Q4 2021, while the Columbia facility is currently leased to 54% physical occupancy since September 2019.

INVESTMENT HIGHLIGHTS

  • Immediate Scale in premier DC MSA
  • Class A assets constructed by well renowned Baltimore based Developer
  • Located in 2 of the wealthiest cities in Maryland
  • Capitalize on superior returns upon stabilization
  • Both assets surrounded by excellent demographics in extremely high growth communities which support Washington, DC