Institutional Property Advisors Arranges Sale of Maryland Industrial Warehouse
September 17, 2024
CAMP SPRINGS, Md., Sept. 17, 2024 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of 4501 Auth Place, a 113,512-square-foot industrial warehouse property located in Camp Springs, Maryland.
“In addition to its existing tenancy, the property has 77,000 square feet of highly functional space for lease,” said Robert Filley, IPA senior director.
Auth Place Industrial is inside the I-495 Capital Beltway, within walking distance of the Branch Ave Metro, and near major transportation routes that provide easy access to Washington, D.C., and surrounding areas. The warehouse is situated in Prince George’s County, Maryland, part of the highly sought-after D.C. hyper infill industrial submarket.
Built in 1986, the property is a best-in-class bulk warehouse with more than six acres of outdoor parking and storage. The warehouse features 113,512 square feet of space and is about 33% leased to a major food and beverage company.
“In addition to its existing tenancy, the property has 77,000 square feet of highly functional space for lease,” said Robert Filley, IPA senior director.
Auth Place Industrial is inside the I-495 Capital Beltway, within walking distance of the Branch Ave Metro, and near major transportation routes that provide easy access to Washington, D.C., and surrounding areas. The warehouse is situated in Prince George’s County, Maryland, part of the highly sought-after D.C. hyper infill industrial submarket.
Built in 1986, the property is a best-in-class bulk warehouse with more than six acres of outdoor parking and storage. The warehouse features 113,512 square feet of space and is about 33% leased to a major food and beverage company.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.