PRICE REDUCTION! $39,900,000

Transcription

1 PRICE REDUCTION! $39,900, ,252 SQUARE-FOOT WAREHOUSE INVESTMENT OPPORTUNITY 4300 GEORGIA PACIFIC BLVD FREDERICK, MD Tysons One Place, Suite 600 McLean, VA t: f:

2 OFFERING SUMMARY Address 4300 Georgia Pacific Blvd, Frederick Maryland Development Jurisdiction Single level, multi-tenant, 680,252 square foot distribution center and storage yard situated along Geoffrey Way and the terminus of Georgia Pacific Boulevard. The site is rectangular in shape and has an adequate frontage along two thoroughfares within the park. City of Frederick, Frederick County, Maryland Zoning L - I Limited Industrial District Site Size Improved +/- 54 AC or 2,353,280 SF The site is generally level and at street grade Year Built 1996 Stories 1 Occupancy Occupied by BlueLinx (100,000 SF sublease to Carter Lumber) WAREHOUSE Gross Leasable Area Gross Building Area Office Area 680,252 SF 9,600 SF Height The clear height throughout the warehouse facility is +/ Exterior Walls Brick veneer and metal sheets Roof The roof is original low-slope EPDM Doors and Dockage Sprinkler System Parking The warehouse has 38 drive in doors. Most are served by the building s metal skirt siding allowing drive in access. The warehouse has 5 chain operated steel overhead doors as well as 5 loading docks. The office area is fire sprinklered and the warehouse is sprinklered with a large-drop orifice dry system (the warehouse is not heated). 196 surface parking spaces including covered spaces Servicing Railroad CSX, with interior and exterior loading area equipped for handling rail cargo REAR ELEVATION

3 INVESTMENT HIGHLIGHTS Transwestern is pleased to exclusively represent a unique investment opportunity to acquire BlueLinx Frederick, an industrial distribution facility located in Frederick, Maryland. The property offers the following benefits to the successful investor: Income Property BlueLinx is willing to enter into a short-term salelease back, transforming this facility into a premier income property for an investor seeking steady cash flow throughout this current real estate cycle. Redevelopment This site enjoys the opportunity to be redeveloped either partially or in it s entirety. Strategic Location The subject property is nestled among I-270, I-70, US-340 and Maryland Route 85, providing quick access to major cities like Washington, D.C. and Baltimore, as well as Gettysburg, Hagerstown, Winchester and Leesburg. The property is approximately: 2 miles to miles to miles to 81 VIEW OF STORAGE YARD Transportation Active CSX rail spur directly to the facility. Distribution and Manufacturing Hub Located in the Dudrow Industrial Park, where submarket asking rents have risen nearly 10% in the past year. Vacancy has dropped in the past year, to just 8.4%, and currently there is no available space in this size range for lease in the industrial park. Demographics Located near the Washington, D.C. metropolitan area, which has an MSA population of 6.03 million. Major employers include Fort Detrick, Frederick County Board of Education and Wells Fargo, while local universities include Frederick Community College, Hood College and Mount St. Mary s. Labor Frederick County s workforce has strengthened in recent years, with an unemployment rate of just 4.5%, better than the national average. OFFICE ENTRANCE

4 ALTA SURVEY

5 AMENITIES MAP FRANCES SCOTT KEY MALL Ballenger Creek Pike C restwood Bo ulevard BB&T 355 Urbana Pike 270 New Design Road 85 Buckeystown Pike

6 SALES INFORMATION Frederick 70 STEPHEN CLOUD Senior Vice President BRADLEY FULKERSON Managing Director JCP DISTRIBUTION FACILITY 270 JULIAN BROWN Principal Buckeyestown Pike Geoffrey Way 7900 Tysons One Place, Suite 600 McLean, VA t: f: We obtained the information in this offering package from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.