Gateway Park
2850 West Columbus Avenue, Chicago, IL, 60652, US
61.490 m²
Beschreibung
Jones Lang LaSalle (“JLL”), as exclusive representative of the Owner, is pleased to offer for sale Derwood Industrial Park (or the “Park”), a rare, multi-parcel portfolio of eleven [11] industrial buildings and multiple lots designated for industrial outdoor storage (“IOS”) in Montgomery County. With a diversified rent roll of 18 tenants, Derwood Industrial Park offers investors a sought-after combination of both “under-roof” industrial and outdoor storage rental revenue in one of the most land constrained submarkets in the Mid-Atlantic. With multiple fair market value renewal options and significant historical capital investment made throughout the Park, Derwood Industrial Park offers strong tenancy in addition to an opportunistic mark-to-market strategy.
Located in Rockville, Maryland, the Park is conveniently positioned right outside of the Washington, D.C. Metropolitan Area. Just off Maryland Route 355 and only 2 miles from Interstate 270, the Park provides access to over 6.5 million people within an hour’s drive. With strong market fundamentals and limited industrial supply in Montgomery County, this opportunity offers a one-of-one industrial asset in a premier infill location.
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Eigenschaften
Gebäudefläche netto
17.694 m²
Vermietungsstand
88 %
Grundstücksfläche brutto
13,76 Hektar
Medien
Investment-Highlights
Rare, industrial portfolio acquisition opportunity - offers easy and efficient access to Metropolitan Washington’s population of 6.5 million people, boasting an average household income of over $171,000
Critical mass of sought-after IOS - the Park offers a synergistic collection of Industrial Outdoor Storage (“IOS”) and “under-roof” industrial that is difficult to replicate
Loyal tenancy with strong ties to the Park, including 20+ year occupancy histories, significant facility investments, and multiple tenant expansions
Strong market fundamentals - market rent growth of over 32% since 2021, offering a substantial mark to market opportunity with the Park being ~28% below market rents
Credit-worthy tenants with stable income and immediate upside - Caliber Collision and ABC Supply anchor the Park and the short WALT provides significant near-term upside
Supply scarcity - the submarket’s limited availability and zero construction starts will continue to drive higher rent growth with record low vacancies
Ihre Ansprechpartner
Derwood Industrial Park (0 Objekte)
