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125 Comet DrCentreville, MD 21617
125 Comet Drive
Asset ClassHealthcare Facility, Office
overview of deal

Overview

Marcus & Millichap, together with Lee & Associates is pleased to exclusively represent the ownership of 125 Comet Drive, Centreville, MD (the "Property") for acquisition. The Property is a 100% leased, single-tenant office building totaling 20,160 square feet in Centreville, MD.

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Investment Highlights

EXCELLENT CREDIT Standard & Poors AAA, Moodys Aa1 Credit rating

✓CONFIRMED BUDGET IN PLACE – State of Maryland is funding and will fund the DHS Center

ABOVE MARKET RETURN – Being offered at an 8.00% Cap Rate, with a 12% rent increase in year 6

SUPERIOR PARKING RATIO – Unlike historic Centreville, the Property offers a 5:1000 ratio

WALKABLE convenience to restaurants, services, supermarkets and other retail

SPECIFIC BUILDOUT including an employment center, interview center, and security.

COUNTY SEAT LOCATION – Centreville is the County Seat and the center of government services

TENURED STABILITY - Over 20 years of continuous occupancy by DHS, renewal at increased rents

LIMITED ZONING FOR DEVELOPMENT – County has protected land and limited zoning in the area

VALUE-ADD OPTIONS - The 5/1000 parking ratio allows for future medical and retail uses

125 Comet DrCentreville, MD 21617
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