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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2000
Occupancy 100.0 %

Property Description

272,000 SF Flex/Industrial Portfolio off I-270 in Clarksburg, MD. The assets are 92% leased to 2 tenants and serves as the headquarters for Thales Defense & Security Inc. (72% RBA).

Investment Highlights

  • ones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this offering for the sale of the Gateway 270 (the “Portfolio”), consisting of three Class A, highly specialized, high-finish industrial buildings and one, single story office building located at 22515, 22525, 22601 and 22605 Gateway Center Drive totaling 272,604 square feet in the I-270 corridor industrial submarket. The Portfolio is strategically located adjacent to Interstate 270, which provides direct access to the Capital Beltway (Interstate 495), the Intercounty Connector (ICC) and the entire Washington, DC Metropolitan Area.
  • The Portfolio is 100% leased to three tenants with a combined weighted average remaining lease term of 10.0 years, which provides long-term secure cash flow. Thales and Daly Computers have occupied space within the properties since the buildings were completed in 2000 and each have since expanded their footprint within the park. Thales Defense and Security, Inc., a US-based, proxy-regulated company of France-based global aerospace defense and technology giant Thales Group anchors the Property’s tenancy, occupying 72% of the rentable square feet through January 2033. The tenant has demonstrated its commitment to the Property by expanding three times from its original occupancy in February 2000. The Portfolio’s combination of location and functional layout provides an attractive option for national corporate tenants looking to benefit from the affluent Washington, DC economy. The Portfolio provides outstanding in-place cash flow and is complemented by an ideal rollover profile through January 2033. Developed in 2000, the Portfolio boasts high-finish industrial product including highly specialized laboratory space throughout much of the Property.
  • Accordingly, this investment offering represents a coveted opportunity to acquire an institutional quality industrial portfolio in a premier Washington, DC Metro logistics and distribution location. Investors have the unique ability to acquire an immediate and impactful position in the Washington, DC market in one manageable transaction.
Bruce Strasburg
Bruce Strasburg
Senior Managing Director, Capital Markets
License details
DC-SP74953 MD-316086 VA-0225026468

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