9885 Washington Blvd - Warehouse FOR SALE


Laurel, MD 20723
$3,500,000 USD
301-221-5322
9885 Washington Blvd, Laurel, MD for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

9885 Washington Blvd
Laurel, MD 20723


HIGHLIGHTS

  • Visibility & Signage on Route-1 With +/- 31,000 Vehicles Per Day
  • Nearby Restaurants, Shopping, and Transportation
  • Interior Manufacturing Rooms Within Warehouse have Air Conditioning
  • Located Halfway Between D.C and Baltimore

OVERVIEW

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 9885 Washington Boulevard North, Laurel, MD 20723. The CE-CLI zoned property sits on a 1.06-acre lot with a 20,000 SF flex building consisting of +/- 8,000 SF of two-story office space and +/- 12,000 SF of warehouse. Currently occupied by Galaxy Electronics, and used for circuit board manufacturing, the property offers unique features such as heavy power, air conditioning in certain manufacturing rooms within the warehouse, floor drains in certain areas, and a 2-ton crane. Further, the warehouse offers three drive-in doors and one loading dock. While the warehouse currently consists of multiple interior manufacturing rooms, a new owner could demolish the existing buildout and restore the warehouse to one large space with a single row of six columns and 18’ clear heights. The two-story office area consists of 18 private offices, two conference rooms, and a kitchen/break area. The expansive window line and skylights provide ample natural light. Strategically positioned halfway between Baltimore and Washington, D.C., the location offers quick access to I-95, the Intercounty Connector (ICC), and Route 29. The immediate area has a tight industrial real estate market, with occupancy above 97% and annual rent growth exceeding 9%, reflecting strong demand and limited supply. This investment is ideal for an owner-user seeking functional space in a convenient location and with prominent visibility on a highly trafficked street.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$175 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Manufacturing, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

UTILITIES

Lighting - undefined, Water - County, Sewer - County, Heating - Gas

CLEAR CEILING HT

18 Ft

DOCKS

1

DRIVE INS

3

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.06

LAND SF

46,174

ZONING

CECLI

APN/PARCEL ID

06-464165,06-472729

ASK ABOUT THIS PROPERTY

Bryn MerreyMarcus & MillichapMore Info
301-221-5322

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Bryn MerreyMarcus & MillichapMore Info
301-221-5322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.