Self-Storage Facility
Frederick, MD Self Storage Development Opportunity
345 Ballenger Center Dr, Frederick, MD 21703
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to offer for sale this Frederick, Maryland Self Storage Development Opportunity. Frederick, Maryland is about 45 miles west of downtown Baltimore and 40 miles northwest of downtown Washington, D.C. The site is approved for 91,575 net rentable square feet with 1,026 climate controlled units. It is a rough graded site with low construction risk located in a convenient location with great visibility. It is also located within an opportunity zone which increases the basis of deferred gains by 10% for investments held for 5 years, 15% after 7 years, and if held for 10 years it becomes exempt from the Federal capital gains tax.
Frederick, MD Self Storage Development Opportunity
Investment Highlights
- Fully Entitled and Approved Multi-Story Self Storage Development Opportunity in the Washington D.C. MSA
- Located in the City of Frederick, Maryland | About 45 Miles West of Downtown Baltimore and 40 Miles Northwest of Downtown Washington D.C.
- Located in an Opportunity Zone | Increases Basis of Deferred Gain by 10% for Opportunity Zone Investments Held for 5 Years | Increases Basis by 15% After 7 Years - Reducing Taxable Gain
- Opportunity Zone Investments Held for at Least 10 Years are Exempt from Federal Capital Gains Tax
- Approved for 91,575 Net Rentable Square Feet
- 1,026 Climate Controlled Self Storage Units
Self-Storage Facility
Frederick, MD Self Storage Development Opportunity
Listing Price: Request For Offer
Investment Highlights
- Fully Entitled and Approved Multi-Story Self Storage Development Opportunity in the Washington D.C. MSA
- Located in the City of Frederick, Maryland | About 45 Miles West of Downtown Baltimore and 40 Miles Northwest of Downtown Washington D.C.
- Located in an Opportunity Zone | Increases Basis of Deferred Gain by 10% for Opportunity Zone Investments Held for 5 Years | Increases Basis by 15% After 7 Years - Reducing Taxable Gain
- Opportunity Zone Investments Held for at Least 10 Years are Exempt from Federal Capital Gains Tax
- Approved for 91,575 Net Rentable Square Feet
- 1,026 Climate Controlled Self Storage Units
Investment Overview
Marcus & Millichap is pleased to offer for sale this Frederick, Maryland Self Storage Development Opportunity. Frederick, Maryland is about 45 miles west of downtown Baltimore and 40 miles northwest of downtown Washington, D.C. The site is approved for 91,575 net rentable square feet with 1,026 climate controlled units. It is a rough graded site with low construction risk located in a convenient location with great visibility. It is also located within an opportunity zone which increases the basis of deferred gains by 10% for investments held for 5 years, 15% after 7 years, and if held for 10 years it becomes exempt from the Federal capital gains tax.
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