St. Mary's County
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Confidential Land Offering - St. Mary’s County, MD 22.76 Acres - High Density Residential or Retail 22835 Old Rolling Road, California, MD 20619 THREE NOTCH ROAD DD A FDRFDR BOULEVARDBOULEVARD O R G N LII LL O R LD O Presented by: Josh Weiner Brad Berzins, SIOR Craig Morrell, SIOR Stevan Varga KLNB KLNB KLNB Enterprise Realty Services 8065 Leesburg Pike, Suite 700 100 West Road, Suite 505 6011 University Blvd, Suite 350 10000 Falls Road, Suite 102 Tysons, VA 22182 Baltimore, MD 21204 Ellicott City, MD 21043 Potomac, MD 20854 tel 703 268 2715 | fax 703 268 2700 tel 443 632 2048 | fax 410 321 0129 tel 443 574 1425 | fax 410 290 0723 tel 301 294 0795 | fax 301 294 5918 [email protected] [email protected] [email protected] [email protected] 1 22835 Old Rolling Road CALIFORNIA, MARYLAND NAI KLNB (“Broker”) has been retained by the owner of 22835 Old Rolling Road in California, Maryland (“Property”) as the exclusive broker for this acquisition opportunity. This Confidential Offering Memorandum has been prepared by Broker for use by the prospective purchaser (“Prospective Purchaser”) to whom Broker has provided this Confidential Offering Memorandum. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the Confidential Offering Memorandum or any other written or oral communication or information transmitted or made available to the recipient of this Confidential Offering Memorandum. No representations or warranties are made as to the completeness and/or accuracy of any information contained herein. Prospective purchasers of the Property should make their own investigations and conclusions without reliance upon this Confidential Offering Memorandum, the information contained herein or any other written or oral communication or information transmitted or made available. Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. Owner and Broker each expressly reserves the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this Confidential Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed, delivered and approved by Owner and the other party thereto, and any conditions to Owner’s obligations thereunder have been satisfied or waived. If you have no interest in the Property at this time, return this Confidential Offering Memorandum immediately to: NAI KLNB Josh Weiner 8065 Leesburg Pike, Suite 700 Tysons, Virginia tel +1 703 268 2715 fax +1 703 268 2701 klnb.com 2 FDRFDR BOULEVARDBOULEVARD THREE NOTCH ROAD 59,970 (2016 ADT) D OA G R LING ROLL OLD R Table of Contents D AD RO G R LIN ROL OLD 05 Section 1 Executive Summary / Property Description 19 Section 2 Market Overview 33 Section 3 Aerials / Site Plans Executive Summary / Property Description Executive Summary / Property Description 5 COCKEYSVILLE ABERDEENExecutive Summary / REISTERSTOWN RIVERSIDE MARTINSBURG Property Description j EDGEWOOD1 95 FREDERICK OWINGS MILLS ¦¨§ ¤£13 ELDERSBURG TOWSON MT AIRY ¦¨§70 BALTIMORE ELLICOTT CITY COLUMBIA ¦¨§695 GERMANTOWN GLEN BURNIE GAITHERSBURG LEESBURG ROCKVILLE WHEATON-GLENMONT STERLING ¨§495 BETHESDA ¦ ¤£17 ANNAPOLIS BOWIE 1 HR 48 MIN RESTON CHANTILLY WASHINGTON ALEXANDRIA ST MICHAELS MANASSAS SPRINGFIELD 1 HR 30 MIN WOODBRIDGE ¤£50 ST CHARLES Chesapeake Bay ¤£13 ¤£15 £17 ¤ Blackwater National Wildlife Refuge ¤£301 j SALISBURY FREDERICKSBURG CALIFORNIA LEXINGTON PARK ¤£522 Potomac River ¦¨§95 ¤£13 ¤£17 FAIRMOUNT 6 COCKEYSVILLE ABERDEEN CHESAPEAKE BAY Executive Summary / REISTERSTOWN RIVERSIDE MARTINSBURG Property Description j EDGEWOOD UNITED STATES 1 95 FREDERICK OWINGS MILLS ¦¨§ ¤£13 LEXINGTON PARK ELDERSBURG TOWSON NAVAL BASE MT AIRY ¦¨§70 BALTIMORE ELLICOTT CITY COLUMBIA ¦¨§695 GERMANTOWN GLEN BURNIE GAITHERSBURG LEESBURG ROCKVILLE WHEATON-GLENMONT STERLING ¨§495 BETHESDA ¦ ¤£17 ANNAPOLIS BOWIE RESTON CHANTILLY WASHINGTON ALEXANDRIA ST MICHAELS FDR BOULEVARD MANASSAS SPRINGFIELD THREETHREE NOTCHNOTCH ROADROAD WOODBRIDGE ¤£50 OLD ROLLING ROAD ST CHARLES Chesapeake Bay ¤£13 ¤£15 59,970 (2016 ADT) £17 ¤ Blackwater National Wildlife Refuge ¤£301 j SALISBURY FREDERICKSBURG CALIFORNIA LEXINGTON PARK ¤£522 Potomac River ¦¨§95 ¤£13 ¤£17 FAIRMOUNT 7 Executive Summary / 1 Property Description OLDOLD ROLLINGROLLING ROADROAD 8 Executive Summary / 1 Property Description 22835 Old Rolling Road Executive Summary NAI KLNB and Enterprise Realty Services are pleased to exclusively offer the opportunity to purchase 22835 Old Rolling Road, the GERRED PROPERTY, located in California, Maryland. Located just 48 miles from Washington, DC and 79.6 miles from Baltimore, Maryland, the location provides access to some of the nation’s major economic drivers while boasting a local economy that sustains itself commercially and with the Naval Air Station Patuxent River. An overview of the Naval Air Station Patuxent River is located in the Market Overview. Located just south of the intersection of Old Rolling Road and Three Notch Road, the Property is a prime development opportunity consisting of 22.76 acres of developable land. With average daily traffic counts of 60,000 cars on the submarket’s main thoroughfare, Three Notch Road, this site, at a the prime intersection of Old Rolling Road and Three Notch Road, is perfectly positioned to capitalize on the existing marketplace and the market’s projected growth. This location will also dramatically benefit from the new construction FDR Boulevard. FDR Boulevard is a game- changer for both California, Lexington Park, and St. Mary’s County in general. An update on FDR Boulevard, and it’s expansion can be found on the next page. The site is currently zoned RL, but under the Lexington Park Development District (LPDD) Master Plan, adopted in February 2016, the site is slated to be rezoned to the Medium Intensity Mixed-Use (MXM) zone during 3Q 2018 (more information on the pending zoning located in the property description). With this rezoning taking place, the site will be a prime opportunity for a residential / mixed use development that can capitalize on the steady to robust growth that St. Mary’s County, California, and Lexington Park have experienced and should continue to experience in the years to come. With over 25,000 employees dedicated to the nearby Naval Air Station Patuxent River, this submarket benefits from a strong military presence and solid core demographics. St. Mary’s County has a current population of approximately 116,000 people with projected growth to 123,000 by 2023. The average household income in St. Mary’s County is $105,000 and expected to grow to over $124,000 in 2023. California boasts similar income numbers, and the town’s population is expected to grow to over 14,000 by 2023. 9 Executive Summary / 1 Property Description OLD ROLLING ROAD FDR Boulevard Map D A O R G IN L L O R D OL F D R B OULEVARD 10 Executive Summary / 1 Property Description FDR Boulevard: Construction Update for July 2018 FDR Boulevard Phase 1A (MD 237 to Kinnegad Drive -0.5 mile) Substantial completion was issued on 12-21-17 and punch list items will be completed this fall (minor turfgrass and landscaping items). This portion of the roadway (Amber Drive) is open to traffic. FDR Boulevard Phase 1B (First Colony Blvd. to west of Old Rolling Rd.- 0.6 m Substantial completion was issued on 11-28-17 and punch list items will be completed this fall (minor turfgrass and landscaping items). This portion of the roadway will not be open to traffic until the remaining Phase 1C is completed. FDR Boulevard Phase 1C (West of Old Rolling Rd. to Kinnegad Drive - 0.6 mile) During the first two (2) weeks of the month, storm drain inlets and pipes will be installed along Old Rolling Rd. and the contractor will then begin installation of pipes along existing FDR Boulevard. Washington Gas will relocate the existing gas main located between Barefoot Lane and Kinnegad Drive. Contractor will also be working on the stormwater management facility, located between Laurel Glen Rd. and Montery Lane during the entire month and will include installation of a large concrete weir. SMECO will begin the installation of underground primary power lines along the western side of the FDR Boulevard right-of-way, between Old Rolling Road and Monterey Lane, towards the end of the month. Following the work on the stormwater management facility as noted above, excavation of material for the triple cell culverts will begin. Steel plates will be installed over any open storm drainage trenches. Please use caution when traveling on Old Rolling Road and FDR Boulevard in the Laurel Glen Community. Thank you for your patience during construction of the FDR Boulevard project. If you have any questions, please contact the DPW&T Project Manager at 301-475-4200, ext. *3525. This monthly Construction Update was prepared by the St. Mary’s County DPW&T. 11 Executive Summary / 1 Property Description Property Description 1. Legal Description St. Mary’s County Tax Map 34, Parcel 91 22835 Old Rolling Road, California, MD 20619 Parcel Size: 22.76 acres 12 Executive Summary / 1 Property Description 2. Current Zoning The subject property is currently zoned RL, residential low-medium density. Base density of 1 du/acre and 0.10 FAR. Allows up to 5 du/acre and 0.20 FAR with 20% Affordable Dwelling Units.