4235 28th Ave, Temple Hills, MD 20748 For Sale

NAI Michael is proud to present to qualified investors the Scuderi Building, a 93% leased government office building at 4235 28th Avenue, Temple Hills, Maryland. This disposition offers a unique opportunity to acquire a stabilized, well-leased, and strategically located property in the government hub of the Washington DC / Maryland region. The building’s stability is highlighted by a recently renewed 73,132 net square foot lease with the State of Maryland, running through 2034. The surrounding area boasts multiple DC Metro stations and many major government office buildings, including the current headquarters for the US Census Bureau, headquarters for the US Citizenship and Immigration Services, and the future headquarters for the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency at St. Elizabeth’s West Campus.

The Scuderi Building is a 7-story, government-leased office building totaling 95,235± gross square feet. The property is exceptionally managed and well maintained, and recently underwent an extensive refresh and renovation. This included upgrades to both tenant spaces and common areas, flooring, electrical, elevators, HVAC, plumbing, lighting, and more. The roof was replaced in 2006, perimeter fan coil units were replaced in 2019, and lighting was upgraded to LED in 2019 as well. The building has 335 parking spaces, including a fenced lot on-premises, and an overflow fenced parking lot 200 feet from the property.

Currently, the Scuderi Building is 93% leased to the State of Maryland and Prince George’s County, both of which have a AAA Credit Rating. The State of Maryland lease has recently been extended and renewed for 10 years, with over 87% of the building in long-term lease to the Maryland Department of Human Services, expiring in 2034. In addition, the Prince George’s County Office of the Sheriff has been a tenant for over 20 years. These occupants have found this location to be ideal for their needs, and have demonstrated this by maintaining steady occupancy long-term. The tenant make-up is 100% steady government users, offering a prospective purchaser the highest level of confidence and reassurance.