for sale the jjj uilding - loopnet...the jjj uilding. 18050 georgia avenue. olney, maryland 20832....

Contact: John DiSalvatore, Owner

301.758.6300 cell john@mercedestranscription.com

Rev. 2.18.2018

FOR SALE THE JJJ BUILDING

18050 Georgia Avenue Olney, Maryland 20832

$5,300,000

Located in

downtown Olney

4 units for a total of

approx. 5,000 SF

rentable space

This Property is

contiguous to The

Olney Center and

should be

purchased together

This is THE BEST location in downtown Olney,

Maryland; only steps away from a major

intersection. The Property is in a prime location in

Montgomery County with approx. 22,841 CPD on

Sandy Spring Road and 28,481 CPD on Georgia

Avenue.

The JJJ Building was built in 1988. There is a total

of approx. 5,000 SF of rentable space divided into

2 buildings; one with 3 units and a stand-alone

garage. It is conveniently located three (3)

minutes off the new I-200 Inter County Connector

on very busy Georgia Avenue providing excellent

exposure for the Property and signage exposure

for the tenants’ businesses. The Property consists

of two one-story buildings, is well-maintained and

in excellent condition, as well as being an easily

managed, income producing property. The JJJ

Building is occupied with solid, long-term tenants,

and has high occupancy rates, both historically and

currently.

THE JJJ BUILDING

Prime Location— Approx. 28,000 CPD

Please find attached the:

Rent Roll rev. 2.18.18

Plat/Site Plan

2016 Annual Average Daily

Traffic (AADT) from Maryland

Department of Transportation,

Data Services Division

THE JJJ BUILDING

Tenant Suite SFTenant

Since

Start

Current

Lease

End

Current

Lease

Current

Rent/SF

Current Base

Rent/Mo.

Rental

Increases

Lease

Type

Mgmt Fee

(5% Gross

Rent)

Renewal

Options

Thai Cuisine 18050 813 2005 3/1/2015 2/28/2020 $65.57 $4,442.33CPI Annually

(03/19)NNN Yes None

Mattress

Warehouse **18050 3,227 2004 11/1/2004 10/31/2019 $45.00 $12,101.25

CPI Annually

(06/18)NNN $269 One 5-Year

Star Nails 18050-D 433 2006 1/1/2006 12/31/2021 $74.82 $2,699.83CPI Annually

(10/18)NNN Yes None

Signs in One

Hour

18052

(Garage)720 2003 8/1/2013 9/1/2018 $45.02 $2,701.22

CPI Annually

(05/18)Gross No None

TOTAL 5,193 $21,944.63 Rent/Month

$263,335.56 NOI

$5,300,000.00 Sales Price

** Exercised their renewal option. Last option is due 11/2019 with an incease to $50 psf.

rev. 2/18/2018

The JJJ Building (JJJ Limited Partnership)

18050 Georgia Avenue, Olney, Maryland 20832

Approx. 5,200 SQ FT

Property Tax 07/01/17 - 06/30/18: $11,330.34

The information above is believed to be accurate but not guaranteed. Please verify by leases.

THE JJJ BUILDING

John DiSalvatore, Owner 301.758.6300 cell john@mercedestranscription.com