Small bay warehouse currently leased month-to-month to three automotive tenants.
13,500 square foot building sits on a full acre so lots of parking.
Perfect to continue as an owner-occupied automotive building…or adaptive re-use to church, etc.
Call Chris Kubler at 301-455-8840 for more details.
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This 42,155 square foot warehouse includes excess land that could support parking, outside storage, or an additional 17,000 of warehouse space.
Please email or call Chris Kubler at 301-455-8840 for more details.
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Facing the prospect of an empty building, our owner client has instructed us to find an investor buyer that can close on this rear loaded 36,500 sf warehouse in 2008.
While the asking price has been reduced to $4.1 million, the seller says he wants to see any and all offers with a year-end close in mind.Building features ample dock-high and drive in loading.
Please email or call Chris Kubler at 301-455-8840 for more information, a tour, or further pricing guidance.
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NAI KLNB, in its capacity as exclusive agent, is pleased to offer for sale the fee simple interest in an exceptionally well-located office/warehouse building in downtown Washington, DC. 2052 West Virginia Avenue (the “Project”), is a two story building ideally suited for redevelopment or for an owner-occupant.The building contains approximately 36,000 rentable square feet on two levels, with both levels on grade and with ample loading. The Project fronts West Virginia Avenue and is just off of New York Avenue. A hot new nightclub is opening adjacent to the property.
2052 West Virginia Avenue is also contiguous to the 15.5 acre Patriot Yards (formerly a Hecht Company distribution center). Patriot Yards is slated for redevelopment with the most likely scenario involving a mix of retail and office uses.
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NAI KLNB, in its capacity as exclusive agent, is pleased to offer for sale the fee simple interest in an exceptionally well-located office building in Calverton, Maryland. 3901 Calverton Boulevard (the “Project”), is a class A building that totals 122,645 square feet and is 100 percent leased on a triple net basis to Verizon Communications Inc. (NYSE:VZ) through the end of 2008.The offering represents an exciting opportunity for a new owner to create significant value, benefiting from the remaining cash flow from the lease with Verizon while marketing the building for sale (to one ore more users) or for lease (backfilling the building with new tenants at today’s market rent of approximately $14.00 NNN).
We can also lease from 15,000 sf up to 123,000 sf of fully renovated office space at this strategic location.
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We have from 9000 sf to 28,800 sf of showroom space for sale for lease at this building along the Capital Beltway in the Maryland suburbs of Washington DC.
Space includes FREE large sign visible from Beltway.
Email Chris Kubler or call 301-455-8840 for more information or a tour.
The entire building is also for sale. Condo units could be made available too.
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NAI KLNB, in its capacity as exclusive agent, is pleased to offer for sale the fee simple interest in an exceptional retail building in Laurel, Maryland. Pheasant Run Shopping Center (the “Project”), fronts Route 197 just east of the Baltimore Washington Parkway and is ideally suited for an investor looking to create value or an owner interested in occupying a portion of the building.This strip center, built in 1988, contains approximately 19,504 rentable square feet including the main building (which totals 16,901 rentable square feet) plus a freestanding 2,603 rentable square foot laundromat.
The offering also includes 2.8 acres of excess land that is zoned C-S-C and could potentially support a variety of uses including retail, office, or hotel.
For a complete offering memorandum please email Chris Kubler or call 301-455-8840.
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NAI KLNB, in its capacity as exclusive agent, is pleased to offer for sale the fee simple interest in the Catonsville Car Wash (the “Car Wash”), a modern, attractive, strategically-located and highly-trafficked full- and self-service, 24-hour car wash located at 5225 Baltimore National Pike in Baltimore, Maryland.
The offering includes 1.19 acres of land improved by a six bay car wash which is a well-established and extremely profitable business that has been in operation since 2000. The Car Wash comprises four self-service bays, two automatic bays as well as five vacuums, three shampoo machines and five vending machines. Email Chris Kubler or call 443-574-1415 for a complete offering memorandum.
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I got the question the other day, “where do I go to raise $50 million to create a distressed properties fund?”
Is may sound snide, but I’m thinking, “if you have to ask…maybe you’re not ready to manage $50 million yet?” My observation is that those who have a track record of success acquiring property, creating value and generating excellent returns for their clients do not have difficulty raising money. Do you have experience buying distressed property and profiting? If not, perhaps you need to look at starting smaller. If you have a modest amount of this experience at a smaller level, a good way to “level jump” is through a one-off joint venture with an equity source on a single larger acquisition. A typical deal structure for these JVs will have you putting up 5% of the equity and the partner putting up the rest. Partner gets a preferred return, you benefit from a large part of the upside. Partner gets control over major decisions, you get to run the asset day-to-day and benefit from associated fees.
The pool of commercial lender owned real estate (or real estate owned - reo) Much foreclosed commercial property today was encumbered by a CMBS loan (i.e. securitized, conduit loan). When CMBS loans go into default, a third party called a special servicer takes over. There is a small handful of special servicers nationwide assigned the duties of working out troubled loans or if necessary taking them through the foreclosure process. You need to get to know the special servicers, ideally before they need you. the mortgage bankers association should have a list with contact information (mbaa.org). call each one, ask for the person dealing with “troubled loans” and real estate owned (reo) in your state. then “farm” them (to borrow from the residential parlance), calling or emailing them periodically and offering to help with market information if they need your help.