6001 and 6005 Landover Road

The Cheverly Professional Buildings at Cheverly Professional Office Park are located in the town of Cheverly next to the Baltimore-Washington Parkway on Landover Road, in the heart of the community of Cheverly, and offers a mix of professional services, providing a variety of community needs. The Cheverly Professional Buildings are situated in a densely populated suburban area, just minutes from Washington DC, The University of Maryland, and the redevelopment of the Prince George’s County Hospital Center. The property is adequately served by public transportation. Landover Road and the Baltimore-Washington Parkway are major thoroughfares connecting Washington DC and inside the Beltway areas to county administrative offices in the larger Prince George’s County business community. Almost next to the site, the county is planning for the prospective redevelopment of the old Prince George’s Hospital Center Site. This 44-acre site is poised to be redeveloped with over $500,000,000 of committed funds for a new mixed-use community.The Cheverly Professional Buildings at Cheverly Professional Office Park are an 85% occupied, 20,742 square foot neighborhood office park that offers a mix of professional services, providing a variety of community needs. The property is offered for sale for $1,965,000. It has a capitalization rate of Seven Percent (7%) on a net operating income (NOI) of $137,696.00. It consists of two office buildings, containing a total of 20,742 square feet. They were built in 1974. Originally each was constructed as a medical office building and contained the normal medical accoutrements associated with various medical practices. The buildings are situated near the former Prince George’s Hospital Center site, on 6001 and 6005 Landover Road, The property consists of two 2-story office buildings, conceptually designed to be divided into four units on each floor. The design flexibility envisioned the layout of from one to four units on each floor depending on demand. Each potential unit has its own restroom. Tenants pay for their electrical, and pro rata share of real estate taxes. The site has 72 parking spaces conveniently located close to the entrance areas of the buildings. The parking ratio of 4.28 is generous. The units located on the first floor have direct at grade access while second floor units have ramp access. Public transit access is convenient with two nearby bus stops.