EDGE Commercial Real Estate’s Capital Markets Group is pleased to announce the sale of 5325 Beech Road in Temple Hills, Maryland, for $5,750,000. The transaction was originated at Metropolis Capital Advisors by the investment sales team led by Joe Friedman and Kelly Lawrence, where they represented the Seller, Beech Road Industrial Center LLC. Peter Drury of the Drury Companies represented the Buyer, Beech Road Property LLC, who will owner/occupancy a portion of the property for their automotive business.
Totaling 84,000 square feet and at 80% leased, the small-bay industrial asset sits on a six-acre site that features a large fenced parking area and a 2.47 per 1,000 parking ratio. The tenant mix included automotive parts and service, consumer appliances, metal fabricating, and general contracting. Located inside-the-beltway, the warehouse is conveniently situated ½ mile off the Branch Avenue/495 interchange, 1 mile from Branch Avenue Metro and just five miles from Washington, D.C.
"This sale offering was a unique opportunity to own “infill industrial” at a discount to replacement cost in a close-in submarket of Prince George’s County. The immediate proximity to the Beltway and the Branch Avenue Metro uniquely positions this asset as a convenient destination to provide goods and services to the region” said Joe Friedman, Partner & Regional Director.
ABOUT EDGE COMMERCIAL REAL ESTATE EDGE Commercial Real Estate is a locally owned commercial real estate advisory, management and investment company based in the Washington, DC Metropolitan area. The firm’s entrepreneurial approach and commitment to service has enabled EDGE to deliver superior results to its clients and partners since its inception. The EDGE executive team possesses nearly 180 years of combined commercial real estate experience and a proven track record, including many of the region’s most noteworthy transactions. Currently, EDGE manages and leases more than 8.4 million square feet of commercial space in Maryland, Pennsylvania, Virginia, and the District of Columbia. For more information, visit www.edgecre.com
