Description
Long & Foster Commercial has been retained to offer, BexleyPlace Shopping Center, which represents a rare opportunity toacquire 27,200 SF neighborhood retail center in the DMV area.Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The propertyfeatures 7 fully-leased spaces about a mile off of InterstateHighway 495 and mere feet from Route 5. This provides keyaccess to roads with high vehicle traffic, with an easily accessibleand attractive location. Currently, the property is self-managedfeaturing an assortment of local tenants. There remainssignificant potential to renovate or improve the property toincrease the rental rates for tenants. However, even with the lowrental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income ofalmost $410,000.The property is being offered at $5,500,000 ($202 PSF)
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0BEDS
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2.95ACRES
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0BATHS
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01/2 BATHS
Description
Long & Foster Commercial has been retained to offer, BexleyPlace Shopping Center, which represents a rare opportunity toacquire 27,200 SF neighborhood retail center in the DMV area.Located in Suitland, Maryland of Prince George's County, approximately 10 miles East of Washington, DC. The propertyfeatures 7 fully-leased spaces about a mile off of InterstateHighway 495 and mere feet from Route 5. This provides keyaccess to roads with high vehicle traffic, with an easily accessibleand attractive location. Currently, the property is self-managedfeaturing an assortment of local tenants. There remainssignificant potential to renovate or improve the property toincrease the rental rates for tenants. However, even with the lowrental rates currently offered in the shopping center, this fullyleased property provides the owner with an annual income ofalmost $410,000.The property is being offered at $5,500,000 ($202 PSF)
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