Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Consultant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
M2 · Annapolis Junction, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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