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Office Medical

Clinton Business & Professional Center

7905 and 7915 Malcolm Rd, Clinton, MD 20735

Listing Price: $19,160,000

Cap Rate
8.00%
Gross SF
80,044
Rentable SF
77,704
Price/Gross SF
$239.37
Occupancy
97.0%
Year Built
1987
Lot Size
3.33 acres

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 7905-7915 Malcolm Road, Clinton, Maryland. This offering consists of two properties with 77,666 total square feet of rentable space boasting a competitive tenant mix of medical, government, and professional occupants. The property is comprised of two separate office buildings built in 1987 and 1988 on the same plot of land and is currently 97 percent occupied. Recent capital improvements include a new roof in the 7905 building, HVAC systems, two emergency generators, and LED lighting upgrades. Anchor tenants include the United States Postal Service Credit Union and Mona Electric. Medical tenants include the Department of Veteran Affairs, Medical Faculty Associates- George Washington University Hospital, Southern Maryland Physical Therapy, and DGD Healthcare Solutions. AT&T currently leases rooftop space for a cellular tower and both buildings currently have additional rooftop space available allowing a new investor to increase cash flow. Clinton is a Washington D.C. submarket approximately fourteen miles from downtown D.C. The property is located in the Branch Avenue office submarket which has proven to be resilient throughout the last two years with a current vacancy rate of 2.1 percent compared to the ten-year average of 10 percent. Furthermore, this far outperforms the greater Washington D.C. office market which has current vacancies at 15 percent. The subject property is easily accessible due to its immediate proximity to I-95, just minutes from exit 7A. The Center is located off of MD Rt 5 (Branch Avenue) with a traffic count of 130,000 vehicles per day. The population within five miles of the site is currently 144,000 with an average household income of over $112,000. The property further benefits from proximity to the Joint Base Andrews Air Force Base, MGM Grand, Walmart, Lowe’s, Burlington, as well as many national food chains. Joint Base Andrews is located less than ¼ mile away with 17,000 employees and residents. It has a combined annual income of over one billion dollars and includes several world-class golf courses. The Center is also the closest building to MedStar Southern Maryland Hospital, which is undergoing a major expansion. This property offers investors the opportunity to acquire a ninety-seven percent occupied office building with a strong rent roll. The Branch Avenue office submarket shows low vacancies providing investors with a high probability of lease-up in the event of tenant rollover. *Competitive financing offered by Marcus & Millichap Capital Corporation (MMCC).

Investment Highlights

  • Stabilized Medical/Government/Professional Office with Strong History of Long-Term Occupancy
  • Low Market Vacancy Rate – 2.1%
  • High Visibility - Branch Avenue 130,000 VPD
  • Proximity to US Air Force Base, National Retailers and Food Chains
  • 5 Mile Demographics - Population of 144,000 and AHHI of $112,000
  • Gateway to Rapidly Expanding Southern Maryland Submarket
  • 20 Minutes to Washington National Airport
  • Within 3 Miles of Restaurants, Retail Shopping, and Quick Coffee Options

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) MD: 5005538

    Maryland

Financing By

Office Medical

Clinton Business & Professional Center

Listing Price: $19,160,000

Cap Rate
8.00%
Gross SF
80,044
Rentable SF
77,704
Price/Gross SF
$239.37
Occupancy
97.0%
Year Built
1987
Lot Size
3.33 acres

Investment Highlights

  • Stabilized Medical/Government/Professional Office with Strong History of Long-Term Occupancy
  • Low Market Vacancy Rate – 2.1%
  • High Visibility - Branch Avenue 130,000 VPD
  • Proximity to US Air Force Base, National Retailers and Food Chains
  • 5 Mile Demographics - Population of 144,000 and AHHI of $112,000
  • Gateway to Rapidly Expanding Southern Maryland Submarket
  • 20 Minutes to Washington National Airport
  • Within 3 Miles of Restaurants, Retail Shopping, and Quick Coffee Options

Investment Overview

Marcus & Millichap is pleased to present the fee-simple ownership interest in 7905-7915 Malcolm Road, Clinton, Maryland. This offering consists of two properties with 77,666 total square feet of rentable space boasting a competitive tenant mix of medical, government, and professional occupants. The property is comprised of two separate office buildings built in 1987 and 1988 on the same plot of land and is currently 97 percent occupied. Recent capital improvements include a new roof in the 7905 building, HVAC systems, two emergency generators, and LED lighting upgrades. Anchor tenants include the United States Postal Service Credit Union and Mona Electric. Medical tenants include the Department of Veteran Affairs, Medical Faculty Associates- George Washington University Hospital, Southern Maryland Physical Therapy, and DGD Healthcare Solutions. AT&T currently leases rooftop space for a cellular tower and both buildings currently have additional rooftop space available allowing a new investor to increase cash flow. Clinton is a Washington D.C. submarket approximately fourteen miles from downtown D.C. The property is located in the Branch Avenue office submarket which has proven to be resilient throughout the last two years with a current vacancy rate of 2.1 percent compared to the ten-year average of 10 percent. Furthermore, this far outperforms the greater Washington D.C. office market which has current vacancies at 15 percent. The subject property is easily accessible due to its immediate proximity to I-95, just minutes from exit 7A. The Center is located off of MD Rt 5 (Branch Avenue) with a traffic count of 130,000 vehicles per day. The population within five miles of the site is currently 144,000 with an average household income of over $112,000. The property further benefits from proximity to the Joint Base Andrews Air Force Base, MGM Grand, Walmart, Lowe’s, Burlington, as well as many national food chains. Joint Base Andrews is located less than ¼ mile away with 17,000 employees and residents. It has a combined annual income of over one billion dollars and includes several world-class golf courses. The Center is also the closest building to MedStar Southern Maryland Hospital, which is undergoing a major expansion. This property offers investors the opportunity to acquire a ninety-seven percent occupied office building with a strong rent roll. The Branch Avenue office submarket shows low vacancies providing investors with a high probability of lease-up in the event of tenant rollover. *Competitive financing offered by Marcus & Millichap Capital Corporation (MMCC).

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): MD: 5005538

    Maryland

Financing By

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