Warehouse
Edmonston Business Park - Phase 2
11550-11680 Edmonston Rd Phase 2, Beltsville, MD 20705
Listing Price: $11,500,000
Investment Overview
Edmonston Business Park was built in two phases and is separated by Edmonston Road. Phase II consist of 59,400 SF and is entirely leased by Eaton Corporation.
Eaton, a Fortune 100 company, has been at the Property for over a decade and has access to 10 years of term in the future, with one year of remaining in current term, and three, 3-year options at 2.50% increases in rent each year.
The Beltsville market is one of the tightest markets in the Washington region at roughly 2% vacant. Bulk Rental rates now average over $13-14/SF NNN for larger space but are much higher for small-bay space, running at $15-18/SF NNN for the quality space.
The current lease rate at Phase II is $10/SF NNN is 33% under market and the location is
strategic, with its adjacent critical facility, and proximity to NASA and aerospace in the area.
Edmonston Business Park - Phase 2
Investment Highlights
- Eaton has invested heavily in its space and runs several lab operations as a part of their high-end components work within the Aerospace industry.
- Eaton is at the Phase II complex due to its expansion from its campus next door.
- Its continued growth in highly technical parts production for aerospace engines and other uses results in occasional needs to expand at the Property.
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Listing Price: $11,500,000
Investment Highlights
- Eaton has invested heavily in its space and runs several lab operations as a part of their high-end components work within the Aerospace industry.
- Eaton is at the Phase II complex due to its expansion from its campus next door.
- Its continued growth in highly technical parts production for aerospace engines and other uses results in occasional needs to expand at the Property.
Investment Overview
Edmonston Business Park was built in two phases and is separated by Edmonston Road. Phase II consist of 59,400 SF and is entirely leased by Eaton Corporation. Eaton, a Fortune 100 company, has been at the Property for over a decade and has access to 10 years of term in the future, with one year of remaining in current term, and three, 3-year options at 2.50% increases in rent each year. The Beltsville market is one of the tightest markets in the Washington region at roughly 2% vacant. Bulk Rental rates now average over $13-14/SF NNN for larger space but are much higher for small-bay space, running at $15-18/SF NNN for the quality space. The current lease rate at Phase II is $10/SF NNN is 33% under market and the location is strategic, with its adjacent critical facility, and proximity to NASA and aerospace in the area.
Exclusively Listed By
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