5200 Philadelphia Way, Lanham, MD for sale

Investment Overview

NAI Michael is pleased to present the exclusive sale of 5200 Philadelphia Way, a well-maintained freestanding flex/warehouse building totaling 52,110± SF, zoned heavy industrial (IH), and situated on 4.58± acres in Lanham, Prince George's County, MD. The property is positioned within the highly desirable Washington Business Park and close to the intersection of the Capital Beltway (I-495) and Route 50. This is an exceptional opportunity for a user to acquire a move-in ready facility at a superior location. 5200 Philadelphia Way is a single-story, freestanding brick flex/warehouse totaling 52,110± rentable SF. The building sits on 4.58± acres and offers a highly functional, fully paved site with outstanding lot-to-building coverage of approximately 25%, making it uniquely versatile for a wide range of logistics, warehousing, manufacturing, government contractor, and flex office uses. The site has ample parking, with 206 surface spaces. The asset presents a rare owner-user opportunity in a submarket with limited Heavy Industrial (IH) zoning availability. With the building to be delivered 100% vacant, a qualified buyer has the ability to immediately occupy the building. The property and lot size allow for exterior outside storage permitted by right in the Industrial Heavy (IH) zoning. The rear of the property backs up to a storm water management pond, allowing for natural security. Further, the property could be enhanced with a fence for additional security. The parking lot has been well maintained. In 2023, the building underwent a complete roof replacement with an EPDM with ballast roofing system under warranty through December 15, 2043. This new roof provides a new owner with 17+ years of remaining roof warranty. This substantially reduces near-term capital expenditure risk. Currently, 5200 Philadelphia Way is built out with approximately 90% office and 10% warehouse. However, the property can be retrofitted to accommodate more warehouse intensive users. Additionally, it can easily be demised for up to five tenants, if an owner wants to occupy a portion and lease out the remainder of the building. Multiple utility meters, restrooms and dock locations make demising more feasible in a cost-effective way. While this Washington Business Park portfolio has traded a few times, most recently in 2008, this property has never been offered for sale on an individual basis.

Investment Highlights

• Exceptional Owner-User Opportunity: Building will be delivered 100% vacant, allowing a qualified buyer to immediately occupy the building for their own operations.
• Rare Heavy Industrial (IH) Zoning: Heavy Industrial zoning is among the scarcest and most protected zoning designations in the Washington DC region. The IH designation provides a broad array of permitted uses.
• Paved, Functional Site: The property lot is mostly paved and nearly 100% usable, offering outstanding operational efficiency with no wasted land. At approximately 25% building-to-land coverage, the site provides an abundance of functional outdoor space for parking (206 surface spaces), staging, truck maneuvering, and potential future expansion.
• Attractive Brick Construction: The building's brick exterior provides a professional appearance, low maintenance, and superior curb appeal within the park environment.
• Heavy Power Infrastructure: The building is served by existing heavy electrical power (1600 Amps, 480/277 Volts, 3 Phase, 4 Wire), a significant advantage for users requiring substantial power capacity. The cost and timeline required to establish heavy power from scratch can be prohibitive for many users.
• New Roof (2023) with Long-Term Warranty: The 2023 EPDM with Ballast roof replacement, under warranty through December 15, 2043, eliminates a significant and common capital expenditure risk associated with older industrial assets.
• Well-Maintained Asset in Good Overall Condition: The building has been institutionally owned, managed and maintained since it was constructed.