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.
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