10977 Guilford RdAnnapolis Junction, MD 20701

For Sale
$4,450,000

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple, 22,500-square-foot flex/R&D industrial property located at 10977 Guilford Rd, Annapolis Junction, MD 20701. The property boasts a 7.70% cap rate and a strong net operating income (NOI) of $342,766. Currently 100% occupied by Meadowgate Technologies, a financially stable tenant with a corporate guarantee, under a 10-year net lease (NNN) agreement commencing July 1, 2021, and expiring June 30, 2031. This leaves a substantial remaining lease term of approximately 6.6 years. The lease includes annual rent bumps of 2.5%, providing an excellent hedge against inflation. The tenant has invested significantly in the property's data center infrastructure. The property features 1600 amps of 3-phase power (two 800-amp units). Situated on a 1.98-acre lot, this asset benefits from its prime location near I-95, offering exceptional logistical advantages and proximity to the National Security Agency (NSA). The property is also within a desirable submarket with strong demographics, including nearly 200,000 people and an average household income exceeding $120,000 within a 5-mile radius. The asking price is $4,450,000, translating to a price per square foot of $197.78. A single, five-year lease option is included.

Highlights

  • 1600 Amps, 3-Phase Power: The property features 1600 amps of 3-phase power (two 800-amp units).
  • 2.5% Annual Rent Increases: Lease includes 2.5% annual rent bumps.
  • Strong, Established Tenant: 100% occupied by Meadowgate Technologies under a 10-year NNN lease with corporate guarantee, leaving approximately 6.6 years remaining. Tenant has invested significantly in data center infrastructure.
  • Prime NSA Proximity: Desirable location near the National Security Agency (NSA), offering strong demand for government contractors.
  • Excellent Demographics: Located within a submarket with nearly 200,000 people and an average household income exceeding $120,000 within a 5-mile radius.
  • Exceptional Accessibility: Prime location near I-95, providing excellent logistical advantages.

Property Details for 10977 Guilford Rd

Property type
Life science properties, Other industrial properties
Square Feet
22,500 SF
Lot Size (sq. ft)
86,249 SF

Location Insight

City
Annapolis Junction
County
Howard
State
Maryland
Latitude
39.1309318
Longitude
-76.7909051
10977 Guilford Rd, Annapolis Junction, Maryland

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10977 Guilford Rd
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