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Lance LJ MarineSenior Vice President
+1 703 905 [email protected]
PROPERTY FOR SALE
Michael ZachariaSenior Vice President
+1 703 905 [email protected]
OFFERING MEMORANDUM
GREENBELT, MARYLAND
CONFIDENTIALITY AGREEMENT
This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property.
This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or CBRE, Inc, nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.
The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or CBRE, Inc. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or CBRE, Inc.
If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to CBRE, Inc.
© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. All marks displayed on this flyer are the property of their respective owners. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
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Lance LJ MarineSenior Vice President+1 703 905 [email protected]
EXCLUSIVELY LISTED FOR SALEMichael ZachariaSenior Vice President+1 703 905 [email protected]
CBRE1861 International Drive, Suite 300McLean, VA+1 703 821 6900
PRESENTED BY:
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THE OFFERINGInvestment OverviewSite SurveyZoning
THE SITESite AerialSite AccessSite Overview
THE MARKETDC Metro Area Regional MapMaryland MapDemographicsGreenbelt MapMarket Aerial
05060809
10111213
141516171819
TABLE OF CONTENTS
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THEOFFERING
6
PROPERTY SITE
OTHER RETAIL
INVESTMENT OVERVIEW
PROPERTY HIGHLIGHTS
• 102,400 SF free-standing building (former K-Mart)
• Anchor building of high traffic Cipriano Square Shopping Center
• Shared full access signalized intersection with Goddard Space Flight Center (13,000+ employees)
• Direct access to Greenbelt Road (42,713 VPD)
• Zoned CSC | Prince George’s County
PROPERTY DESCRIPTION Freestanding Building Adjacent to Shopping Center
BUILDING SQUARE FOOTAGE 102,400 Square Feet
PARCEL SIZE: 9.02 Acres
LOADING AREA: 2 Dedicated Loading Areas
PARKING SPACES: 731 Shared Spaces
YEAR BUILT: 1983
PARCEL NUMBER: 21-2298768
TAX AUTHORITY: Prince George’s County
ZONING: CSC: Commercial shopping center, retail and service commercial activities generally located within shopping center facilities
CEILING HEIGHT: 13’ drop ; 20’ clear (varies throughout building)
CONSTRUCTION: Brick
8829 GREENBELT ROAD, GREENBELT, MARYLAND
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INVESTMENT OVERVIEW
8
SITE SURVEY
9
ZONING
ZONING | PRINCE GEORGE’S COUNTY
CSCCommercial shopping center, retail and service commercial activities generally located within shopping center facilities; size will vary according to trade area
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THESITE
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SITE AERIAL
GREENBELT RD 44,671 VPD
GODDARD RD
GOOD LUCK RD 18,454 VPD
ICESAT RD
CIPR
IANO
RD
10,1
40 V
PD
NASA GODDARDSPACE FLIGHT CENTER
13,000 EMPLOYEESELEANOR ROOSEVELTHIGH SCHOOL
2,445 STUDENTS
DUVALHIGH SCHOOL
1,629 STUDENTS
GREENBELT RD 44,671 VPD
NASA GODDARDSPACE FLIGHT CENTER
13,000 EMPLOYEES
CIPRIANO RD
10,140 VPD
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SITE ACCESS
OWNED BY OTHERS
PROPERTY FOR SALE
KEY
FULL ACCESS
RIGHT-IN-RIGHT-OUT
MY BARBER’S LOUNGE
DELI
AFRICAN RESTAURANT
AMERICA’S BEST WINGSDIVAH’S SALON
CHAU’S NAILS
SMK BEAUTY SUPPLY
DRY CLEANER
OSAKA RESTAURANT
CIPRIANO LIQUORS
KENN
Y’SSU
BSHO
P
HAIR
SALO
N
CHINESE TAKE-OUT
WEAK
NESS
FOR
SWEE
TNES
S
CIPRIANO SQUAREANCHOR
LOADINGLO
ADIN
G
731PARKING SPACES
OWNED BY OTHERS
PROPERTY FOR SALE
KEY
FULL ACCESS
RIGHT-IN-RIGHT-OUT
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GREENBELT RD 42,713 VPD
CIPRIANO RD 10,140 VPD
SITE OVERVIEW
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THEMARKET
495495
495
66
66
495
495
270
200
95
295
295
50
50
5 MILES
10 MILES
15 MILES
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DC METRO AREA REGIONAL MAP
4.0%unemployment rate, as of August 2016
52,200projected job growth per year in 2016-2020
86,600new jobs during 12 monthsending March 2016
$120,456 average household income in 2015, 61.3% higher than the US average
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1 MILE
3 MILES
5 MILES
10 MILES
MARYLAND MAP
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DEMOGRAPHIC BRIEF
8829 GREENBELT RD
1 Mile 3 Miles 5 Miles 10 Miles
2016 Population - Current Year Estimate 13,458 78,015 228,122 1,115,318
2021 Population - Five Year Projection 14,056 80,460 236,725 1,179,543
2010 Population - Census 12,831 75,810 219,691 1,054,554
2000 Population - Census 11,698 70,160 193,093 975,444
2010-2016 Annual Population Growth Rate 0.77% 0.46% 0.60% 0.90%
2016-2021 Annual Population Growth Rate 0.87% 0.62% 0.74% 1.13%
2016 Households - Current Year Estimate 4,940 27,242 72,904 400,424
2021 Households - Five Year Projection 5,119 27,851 75,121 421,923
2010 Households - Census 4,778 26,927 71,473 382,775
2000 Households - Census 4,580 26,707 67,654 360,018
2010-2016 Annual Household Growth Rate 0.53% 0.19% 0.32% 0.72%
2016-2021 Annual Household Growth Rate 0.71% 0.44% 0.60% 1.05%
2016 Average Household Size 2.68 2.85 2.97 2.71
2016 Average Household Income $84,091 $85,532 $90,595 $89,490
2021 Average Household Income $91,365 $92,591 $98,230 $96,482
2016 Median Household Income $71,014 $70,150 $72,502 $69,403
2021 Median Household Income $78,810 $77,526 $80,034 $77,030
2016 Per Capita Income $31,647 $29,955 $29,337 $32,565
2021 Per Capita Income $34,027 $32,124 $31,531 $34,933
2016 Housing Units 5 ,390 29 ,257 79 ,401 435 ,584
2016 Vacant Housing Units 450 8.3% 2,015 6.9% 6,497 8.2% 35,160 8.1%
2016 Occupied Housing Units 4,940 91.7% 27,242 93.1% 72,904 91.8% 400,424 91.9%
2016 Owner Occupied Housing Units 2,421 44.9% 15,616 53.4% 42,258 53.2% 217,875 50.0%
2016 Renter Occupied Housing Units 2,519 46.7% 11,626 39.7% 30,646 38.6% 182,549 41.9%
2016 Population 25 and Over 9 ,045 52 ,158 140 ,532 742 ,674
HS and Associates Degrees 5,070 56.1% 27,488 52.7% 70,532 50.2% 359,281 48.4%
Bachelor's Degree or Higher 2,948 32.6% 17,565 33.7% 48,316 34.4% 281,162 37.9%
2016 Businesses 220 3,037 7,913 34,923
2016 Employees 26,810 62,254 141,622 499,736
©2016 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptionsor estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property todetermine to your satisfaction the suitability of the property for your needs. Source: Esri Page 1 ProjectID:134146
POPULAT ION
HOUSEHOLDS
HOUSEHOLD INCOME
HOUS ING UN ITS
EDUCAT ION
PLACE OF WORK
DEMOGRAPHICS
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GREENBELT MAP
GREENBELT RD 44,671 VPD
I-495 211,775 VPD
BALT
IMOR
E-W
ASHI
NGTON
PKW
Y 118,165 VPD
BALT
IMOR
E AV
E 42
,105
VPD
KENI
LWOR
TH A
VE 5
6,424
L ANHAM
SEVERN R D
17,571 VPD
I-50 137,541 VPD
I-95
190,
421
VPD
495
495
495
201
201
95
193
1 MILE
3 MILES
5 MILES
UNIVERSITY OF MARYLANDENROLLMENT: 38,140 DUVAL HIGH SCHOOL
ENROLLMENT: 1,629
ELEANOR ROOSEVELTHIGH SCHOOL
ENROLLMENT: 2,445
GODDARDSPACE FLIGHT CENTER
EMPLOYEES: 13,000
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201
44,671 VPD
GLEN DALE BLVD
16,827 VPD
BALT
IMOR
E - W
ASHI
NGTO
N PK
WY
118,165 VPD
210,289 VPD
LANHAM SEVERN RD
17,571 VPD
Lanham Se
ver n Rd
ANNAPOLIS ROAD
ANNAPOLIS ROAD 29,460 VPD
JOHN HANSON HWY 136,465 VPD50
KENI
LWOR
TH A
VE
GREENBELT RD
MARTIN LUTHER
KINGJR HWY
495
495
450
193
295
295
450
50
EASTGATE SHOPPING CENTER
GREENWAY CENTER
CIPRIANO SQUARE
BELTWAY PLAZA
NASA GODDARDFLIGHT CENTER
13,000 EMPLOYEES
MARKET AERIAL
© 2016 CBRE, Inc. CBRE statistics contained herein may represent a different data set than that used to generate National Vacancy and Availability Index statistics published by CBRE’s Corporate Communications Department or CBRE’s research and econometric forecasting unit, CBRE—Econometric Advisors. Information herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by CBRE clients, and cannot be reproduced without prior written permission of CBRE.
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.
Lance LJ MarineSenior Vice President
+1 703 905 [email protected]
PROPERTY FOR SALE
Michael ZachariaSenior Vice President
+1 703 905 [email protected]
OFFERING MEMORANDUM
GREENBELT, MARYLAND
