4301-4323 Pennwood Rd Brentwood, MD 20722

The 41st Street and Pennwood Portfolio in Brentwood, MD, consists of 12 industrial buildings totaling approximately 105,400 square feet on approximately 3.5 acres of land. The property is 73% leased and offers an excellent value-add opportunity. The portfolio's flexibility is a key attribute. Previously zoned Urban Light Industrial (ULI), which allows for existing industrial uses, the block was rezoned in 2022 to Neighborhood Activity Center (NAC), now allowing for more dense mixed-use development. The portfolio can continue to be used as industrial until 2032, and afterward via a non-conforming use permit. The property is located in a development corridor within the Gateway Arts District Sector Plan and is surrounded by new development to the northeast in Hyattsville and College Park, and to the southwest toward DC. It offers quick access to Route 50 and the Capital Beltway (I-495/I-95) and is close to major employers, including the University of Maryland College Park. Nearby amenities include Busboys Poets, Franklins, Pizza Paradiso, and The Shops at Dakota Crossing. The property is also close to neighborhoods such as Woodridge, Brookland, and Hyattsville. The portfolio features flexible leases that can be restructured to true triple net leases, 12 drive-ins, and a covered loading dock. It is one block off the highly trafficked Rhode Island Avenue (Route 1) and represents one of the few large blocks of industrial space close to DC.