Overview
Avison Young’s U.S. Capital Markets Group has been exclusively retained to market the sale of 4603 Compass Point Road (the “Property” or “Facility”), serving as the corporate headquarters for Element U.S. Space & Defense. The Property includes two flex buildings (Buildings A & B), comprising 43,919 square feet of office and warehouse space in Belcamp, Maryland.
The Property is located in the heart of Harford County minutes away from Route 40 and the Interstate 95 Corridor, a national hotbed for defense manufacturing and innovation due to the region’s proximity to federal agencies, universities, and government contractors. Harford County, Maryland, has become a key hub for defense testing and engineering, driven by its strategic location near Aberdeen Proving Ground, a skilled workforce, strong government support, and collaboration with private-sector defense contractors focused on emerging technologies.
Harford County, Maryland, has become a key hub for defense testing and engineering, driven by its strategic location near Aberdeen Proving Ground, a skilled workforce, strong government support, and collaboration with private-sector defense contractors focused on emerging technologies.
Investment Highlights
Mission Critical Headquarters
The Property serves as a headquarters and testing facility for Element U.S. Space & Defense. Newly renovated offices house c-suite leadership, while accredited labs conduct advanced tests on ballistic materials, firearms, helmets, and athletic gear using techniques like XCT scanning, environmental simulations, and forced-entry testing.
A Rare Opportunity
Investors have the opportunity to acquire a mission-critical, purpose-built headquarters occupied by a committed, rapidly growing tenant, supported by a high-grade guarantor in a prime corridor dense with military and defense contractors.
Enterprise Zone Benefits
The Property benefits from its location within the Harford County Enterprise Zone, offering tax incentives like property tax credits on improvements and income tax credits for job creation. The Enterprise Zone provides long-term savings and growth potential.
State-of-the-Art Build-Out
Element U.S. Space & Defense has made extensive renovations over its tenure. In 2022, they completed a $635,125 overhaul of the 4603A warehouse with two new testing ranges.
Long-Term Commitment
The Company’s substantial capital investment in the Property as well as its designation as headquarters demonstrate its commitment to the real estate, providing investors with assurance of tenancy throughout the lease term and beyond.
Prime Location
The Property is centrally located in Harford County, home to the U.S. Army’s Aberdeen Proving Ground (APG), a key military installation dedicated to the research, development, and testing of weapons and military equipment.
