Maryland Warehouse Sold for $5.5 million
NAI KLNB has brokered the sale of 501 Prince George’s Boulevard, a 91,500 square foot office/warehouse building in Upper Marlboro, MD for $5.5 million. Chris Kubler of NAI KLNB represented the seller, a Bethesda-based investor group and Jones Lang LaSalle represented the buyer, Linemark Printing. The new owner, a full-service printing company founded in 1985, intends to relocate its operations to the building from its current location in Largo.
Built in 1982, the project is located within close proximity to US Route 301 and the Central Avenue exit of the Capital Beltway. Features include 24 foot ceiling heights, five dock door ports, generous surface parking and approximately 10,000 square feet of office space.
“This building will be owner-occupied and was the perfect match for Linemark Printing, a company that was in search of a large combination office/manufacturing facility to house its printing operations,” explained Chris Kubler of NAI KLNB. “It is positioned within a prominently located and well-maintained business community featuring excellent access to the greater Washington, D.C. and suburban Maryland markets,” he added.
Don’t miss the next purchase opportunity that comes along. Enter your email address in the field to the right and learn about the next sale opportunity.
