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.
✓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