SUITLAND, MD - LandAndFarmimages.landandfarm.com/imgs2/a9/d6/a6/54SwannRoad2_8dbe.pdf · the M-U-TC...

T H E Z U P A N C I C G R O U PM A R C U S & M I L L I C H A P

SUITLAND, MD

54 Swann Rd & 5013 Suitland Rd, Suitland, MD 20746

6.85 Acres of Residential Developable Raw Land Near Metro

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Confidentiality Agreement

exclusively listed54 Swann Rd & 5013 Suitland Rd, Suitland, MD 20746

Matthew ChambersAssociateNational Multi-Housing GroupWashington DC OfficeTel: (202) 536-3724Fax: (202) [email protected]

Marty ZupancicDirectorNational Multi-Housing GroupWashington DC OfficeTel: (202) 536-3788Fax: (202) [email protected]

The Zupancic Group: Marty Zupancic | Grant Fitzgerald | Christian Barreiro | Dennis Cravedi | Matthew Chambers | Joseph Lisicky | Kyle Savercool

www.dcmultifamily.comwww.marcusmillichap.com

Presented by:

Table of ContentsPROPERTY DESCRIPTION

Offering Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Summary of Terms. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Property Highlights. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Investment Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Zoning Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Aerial Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Dwell Design Proposed Aerial Map . . . . . . . . . . . . . . . . . . . 6Neighborhood Attractions. . . . . . . . . . . . . . . . . . . . . . . . . . . 7

NEARBY DEVELOPMENTFeatured Development . . . . . . . . . . . . . . . . . . . . . . . . . . . 10Featured Development Renderings . . . . . . . . . . . . . . . . . . 11

COMPARABLESHome Sales Comparables . . . . . . . . . . . . . . . . . . . . . . . . . 15


SUITLAND, MD

54 Swann Rd & 5013 Suitland Rd

SUBJECT PROPERTY

SUITLAND FEDERAL CENTER

SUITLAND METRO STATION

property description

PROPERTY DESCRIPT ION

2 . PROPERTY DESCRIPT ION

54 SWANN ROAD & 5013 SUITLAND ROAD

PROPERTY54 Swann Road and 5013 Suitland RoadSuitland, MD 20746

OFFERING SUMMARYPrice $3,000,000Zoning (Currently Being Revised) R-55Lot Size 6.85 AcresGross Land Square Feet 298,229 SFProposed Number of Buildings 85 TownhomesPrice Per Townhouse Lot $35,294Parcel # 06-0501148

06-0628784 06-0590398

Offering Summary

Interest OfferedFee simple interest in 54 Swann Road & 5013 Suitland Road, 6.85 acres of raw developable land located in the Suitland neighborhood of Maryland.

Tours will be held on by appointment only. Offers will be accepted on a rolling basis.

Please contact: Matthew Chambers (202) 536-3724 [email protected]

Summary of Terms


PROPERTY DESCRIPT ION . 3


The Zupancic Group of Marcus & Millichap is pleased to offer for sale the following ground-up development opportunity, located at 54 Swann Road and 5013 Suitland Road in Suitland, MD. The lot, which is currently zoned R-55, contains three parcels for a total of 6.85 acres, or 298,229 square feet, of vacant land. The Prince George's County Zoning Commission is currently revising the zoning in order to increase the density around metro-located development sites. Currently the site borders the M-U-TC zoning, which stands for Mixed-Use Town Center. M-U-TC provides for a mix of commercial and limited residential uses, which establish a safe, vibrant, 24-hour environment. It is designed to promote appropriate redevelopment of, and the preservation and adaptive reuse of selected buildings in, older commercial areas.

The Suitland Metro Station (Green Line) is located 0.6 miles away from the subject property. The Suitland Federal Center is also a short 0.3 miles from the property and accounts for over 10,000 jobs in the area. The Suitland Federal Center houses the U.S. Census Bureau, National Maritime Intelligence Center, National Oceanic Atmospheric Administration, and the National Archives. The property is less than a half mile from Giant, Planet Fitness, and Chick Fil A.

The Prince George’s County Redevelopment Authority has planned a complete revitalization of the surrounding metro area by adding more pedestrian walkways and bike paths, public art displays, and a community center for the performing arts and other events. The revitalization will allow for a more pedestrian-friendly community.

Investment Overview

Property Highlights• List Price: $3,000,000

• Located 0.6 Miles from the Suitland Metro Station (Green Line)

• Raw Developable Land | 6.85 Acres | 298,229 SF | Zoned R-55

• Potential Development: 85 Townhomes

• Directly Across the Street from Suitland Federal Center: 10,000+ Employees




The Prince George's County Planning Department is conducting a comprehensive rewrite of the Zoning Ordinance and Subdivision Regulations. One-Family Detached Residential - Permits small-lot residential subdivisions; promotes high

density, single family detached dwellings.

Zoned R-55




WASHINGTON, DC


Zoned R-55




Dwell Design Proposed Aerial Map

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Neighborhood Attractions

Retail & Lifestyle1 Giant2 Chick-Fil-A3 Planet Fitness4 Popeyes5 TGI Fridays6 Dunkin Donuts7 Wendy's8 Burger King9 Pizza Hut10 Little Caesars Pizza11 Marshalls12 Rite Aid13 CVS14 Shoppers Food Warehouse

Government Agencies15 Suitland Federal Center16 National Maritime Intelligence Center17 National Oceanic Atmospheric Administration18 U.S. Census Bureau19 National Archives

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SUITLAND FEDERAL CENTER - 0.4 MILES FROM SUBJECT PROPERTY


SUITLAND, MD


SUBJECT PROPERTY



nearby development

NEARBY DEVELOPMENT

10 . NEARBY DEVELOPMENT


Potential Development - Town Square at Suitland Federal Center

Development Specifics:"Prince George's County is taking the rare step of acting as master developer and investing roughly $100M to build a mixed-use town center in Suitland. The county has already spent $48M acquiring and demolishing a series of dilapi-dated properties in Suitland.... The county announced plans to invest another $52M in the next two years acquiring more properties and building the infrastructure and public utilities... The project plan, above, calls for 1,118 residential units, divided among three, market-rate multifamily build-ings, one senior living building, 219 townhouses and two single-family detached houses. The housing will be comple-mented by 80k SF of retail." -Bisnow

NEARBY DEVELOPMENT

NEARBY DEVELOPMENT . 11


Potential Development - Town Square at Suitland Federal Center Potential Development Renderings - Town Square

SUITLAND METRO STATION - 0.6 MILES FROM SUBJECT PROPERTY


SUITLAND, MD


SUBJECT PROPERTY




comparables

SUBJECT PROPERTY

COMPARABLES

COMPARABLES . 15


Home Sales Comparables

Property Property Type Close Date Year Built Sale Price Price Per Building SF

Distance to Subject(Miles)

3309 Navy Day Drive Residential 9/22/2016 1950 $165,000 $152.78 / 0.4 mi3103 Romain Court Residential 11/17/2016 1958 $279,000 $179.77 / 0.9 mi

3203 Ryan Drive Residential 7/18/2016 1952 $186,000 $190.97 / 0.1 mi5404 Lubbock Road Residential 6/9/2016 1981 $195,000 $209.68 / 1.2 mi2912 East Avenue Residential 9/8/2016 1947 $278,000 $218.04 1.3 mi3407 Randall Road Residential 1/6/2017 1941 $155,000 $220.17 0.4 mi3018 Logan Street Residential 2/3/2017 1960 $287,000 $221.96 0.0 mi3413 Glenn Drive Residential 11/16/2016 1921 $273,000 $232.14 0.4 mi

3429 Navy Day Drive Residential 5/26/2016 1951 $200,000 $238.10 0.5 miAverages: $224,222 $207.07 0.6 mi

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

3419 Navy DayDrive

3309 Navy DayDrive

3103 RomainCourt

3203 RyanDrive

5404 LubbockRoad

2912 EastAvenue

3407 RandallRoad

3018 LoganStreet

3413 GlennDrive

3429 Navy DayDrive

Price Per Bldg SF

7

6

54

3

2

1

9

1

2

3

4

5

6

7

8

9

8

exclusively listed

The Zupancic Group: Marty Zupancic | Grant Fitzgerald | Christian Barreiro | Dennis Cravedi | Matthew Chambers | Joseph Lisicky | Kyle Savercool

www.dcmultifamily.comwww.marcusmillichap.com

54 Swann Rd & 5013 Suitland Rd, Suitland, MD 20746

Matthew ChambersAssociateNational Multi-Housing GroupWashington DC OfficeTel: (202) 536-3724Fax: (202) [email protected]

Marty ZupancicDirectorNational Multi-Housing GroupWashington DC OfficeTel: (202) 536-3788Fax: (202) [email protected]

Presented by:

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