Food & Drug Administration
College Park, MD
Unstated
Unstated
Unstated
100%
80,677 SQ FT
Office
2004
4.38 Acres
Sold
LONG-TERM LEASE WITH RENT INCREASES
Base rent will escalate by 6.1% in 2019 and increase again in 2024, providing attractive income growth throughout the lease term
M SQUARE CAMPUS LOCATION
This building functions as one of six product-oriented centers for the FDA’s Center for Food Safety and Applied Nutrition (CFSAN) and shares facilities with neighboring buildings to comprise the Joint Institute for Food Safety and Applied Nutrition (JIFSAN), which encompasses nearby FDA / GSA-owned buildings. These agencies are part of the University of Maryland Research Park which is designed to link university researchers, students and staff with Federal laboratories and private sector companies. The tenant is committed to this location on a long-term basis, specifically identifying M Square in their original lease solicitation in order to foster world-class research and technological collaboration.
SUPERIOR ACCESSIBILITY
M Square is only 8 miles from downtown Washington, DC and is adjacent to the College Park Metro and a commuter rail station, providing service to both Washington, DC and Baltimore, Maryland. The property is conveniently located near interstates 495 and 95, the major roadways that service the Washington Metropolitan region.
University Station is an 80,677 square foot office and laboratory facility that is 100% leased to the U.S. Food and Drug Administration (FDA), located at 4300 River Road in College Park, Maryland, which was built-to-suit for the tenant in 2004. The property is leased on a long-term basis, with 11.5 years currently remaining, with a 6.1% scheduled rent increase occurring in 2019. The property is part of the University of Maryland Research Park, known as M Square, a dynamic, developing project that will be the largest research park in the State of Maryland, encompassing 2 million square feet and employing 6,500 people.
