Ironwood Road Warehouse, Landover, Maryland
In partnership with Peak Companies
Low price per square foot purchase and prudent management led to increase in rents and stability. Net Operating income increased from $110,000 to over $205,000 during ownership. Purchased in 1997 and sold in 2006 to a single buyer. Project Costs: Approximately $900,000
Located in industrial park inside Capital Beltway in Prince George’s County, Maryland.
- Located in industrial park inside Capital Beltway in Prince George’s County, Maryland. Four tenant industrial center built in early 1970’s with over 40,000 square feet on two levels.
- Acquisition funding $650,000. Remainder of $250,000 by individual investors. Project sold in 2006 for approximately $2,750,000.
- All investor equity returned at refinancing in 1998. Sales price produced a profit of approximately $1.7 million, which is a 190% return on costs.