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7620 Meadow Run LnOwings, MD 20736
MMG Sportsplex
Asset ClassSpecial Purpose, Industrial
Cap Rate7.5%
% Leased: 100%Lease-Term Remaining: 10 Years# Buildings: 2Access Data Room
overview of deal

Overview

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 7620 & 7630 Meadow Run Lane Owings, MD 20736. The property is 2.75 Acres and has two newly built sportsplexes.

 

  • Building one is a 13,500 square feet metal flex building that will be used as an indoor soccer field. The building features 20’ ceilings with an astroturf floor.
  • Building two is 21,574 square feet metal flex building that features indoor basketball courts, free weights, physical therapy and an observation deck in the mezzanine area. The building has 26’ clear throughout the building.
  • Both buildings are heavily insulated with R19 on the walls and R39 for the roof. Structures were built with 115 MPH wind capacity.

 

Both buildings will be occupied by the owner of MMG Sports Performance Center. The company focuses on young athletes 7 years of age and older to develop mentally and physically to be at peak performance in several different sports. They include one on one coaching, weightlifting and training, physical therapy and team workouts.

 

Youth sports, recreational and fitness complexes continue to be one of the fastest growing markets in the U.S. As children are developing and specializing as sport and position specific athletes, more camps and recreation leagues are opening up throughout the country such as quarterback camps and pitching clinics. Sports complexes continue to exceed expectations as the new hot economic driver for municipalities. By 2026, the global youth sports market is estimated to jump to $77.6 billion, according to Wintergreen Research.

 

Also included in the sale is a 12-acre parcel (Southern Maryland Blvd Parcel 0349) of I-1 zoned (industrial) land directly behind the MMG Sportsplex. The site is one of only 3 industrial land development properties within a 11-mile radius. This creates an opportunity for development to capture industrial demand within the local market. Ownership is willing to do site work on the parcel as part of the deal

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Investment Highlights

Year Built
2024
Lease-Term Remaining
10 Years
% Leased
100%
  • MMG Sportsplex is part of a fast-growing industry
  • No competition within a 45-minute drive
  • Services 10 schools in a 10 mile radius
  • High visibility location with 415 feet of frontage on Southern Maryland Blvd
  • Affluent area with average Household Income at close to $150,000
  • 12 Acre parcel zoned I-1 (Industrial) available for development
  • Separate access on the right side of parcel
  • Owner will include sitework at cost as a part of sale
  • One of three industrial sites this size within an 11-mile radius
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7620 Meadow Run LnOwings, MD 20736

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Listing provided by Revere CRE