Address:300 Legion Avenue, Annapolis, MD 21401
# of Units:8
Completion Date:Built in 1974. Purchased in July 2023.
UIP acquired 300 Legion, a 23,750 SF industrial site in July 2023. Built in 1974, 300 Legion is minutes away from the Naval Academy and downtown Annapolis.
- Acquired a stabilized cash flowing industrial asset at an above market cap rate (7.09% Going-in Cap Rate)
- High Cash Yields & Strong Rent Growth
- Fully Occupied Asset
- Supply Constrained Industrial Submarket
- No industrial vacancy within a 5-mile radius
- Nine drive-in doors
- 26 parking spaces
- Located in the Annapolis Design District, the property is adjacent to retail and similar industrial properties
- Proximity to the US Naval Academy
- Minutes to Route-50 and I-97, which connect 300 Legion to DC and Baltimore within 45-minutes