BCC currently owns, manages, or asset manages a portfolio of industrial, office, flex, self-storage, and senior housing assets that totals more than 1,065,000 square feet of real property with a value in excess of $135 million, located primarily in the Washington, DC area.
Total Portfolio Assets
Office: 358,000 sf
Industrial: 584,000 sf
Assisted Living: 75,000 sf
Self-Storage: 48,000 sf
Total Square Footage: 1,065,000 sf
4527 & 4615 METROPOLITAN COURT
Frederick, MD
Industrial | 104,000 sf
This property includes two 52,000-square-foot high bay warehouses located in the Wedgewood Industrial Park in Frederick, MD.
4605 WEDGEWOOD BOULEVARD
Frederick, MD
Industrial | 16,000 sf
A 16,000-square-foot property located in Frederick, MD, this property is net leased on a long-term basis to a manufacturer of customized construction equipment.
700 EVELYN AVENUE
Arbutus, MD
Industrial | 180,375 sf
A 180,375-square-foot warehouse located in Linthicum, MD, this property is leased to three tenants.
EDEN TERRACE
Spartanburg, SC
Assisted Living | 75,180 sf
In November 2000, BCC acquired a 98-unit assisted living facility in Spartanburg, SC, for $4 million. BCC moderately rehabbed the property and re-opened it in June 2001. In 2008, BCC added an Alzheimer’s wing to the facility and has now stabilized this property at a value in excess of $15 million.
HAJOCA 4
Multiple Locations
Industrial | 20,000 sf
These four warehouse facilities of varying sizes are net leased to a national distributor of plumbing and pool supply products. The properties are located in Daytona Beach and Holly Hills, FL; Kalamazoo, MI; and West Monroe, LA.
HIGHLAND BUSINESS PARK
Springfield, VA
Self-Storage & Flex | 37,671 sf
This business park, located in Springfield, VA, consists of a 26,993-square-foot Budget Self Storage facility, 10,678 square feet of flex office space, and over 20,000 square feet of I-6 ground. Tenants include Merry Maids, Land Art, and Heart of God International Church.
MONTPELIER PROFESSIONAL CENTER
Laurel, MD
Medical Office | 39,240 sf
In October 2014, a BCC affiliate purchased a two-story, 39,240-square-foot medical office building at 9811 Mallard Drive in Laurel, MD. The purchase price of $3.4 million equated to $87.09 per square foot. BCC raised a total of $1,275,000 in equity for this transaction. The property is leased to 20 tenants.
MUIRKIRK BUSINESS CENTER
Beltsville, MD
Office Warehouse | 117,857 sf
In May 2015, a BCC affiliate purchased a two-building, 117,857-square-foot flex warehouse property situated on 6.6 acres of land in Beltsville, MD. The purchase price of $9.85 million equated to $83.57 per square foot. BCC raised a total of $4.05 million in equity for this transaction. This property is fully stabilized with 12 tenants.
PROFESSIONAL PLACE
New Carrollton, MD
Office | 176,391 sf
In June 2016, a BCC affiliate purchased Professional Place, a 176,391-square-foot office property located in New Carrollton, MD. The purchase price of $13,175,000 equated to $75 per square foot. BCC raised a total of $6.35 million in equity for this transaction. The property is currently 90% leased to 18 tenants.
THE RITZ CAMERA BUILDING
Beltsville, MD
Office & Industrial | 106,582 sf
In May 2013, a BCC affiliate purchased 12200 Baltimore Avenue from the principals of Ritz Camera. Located at the intersections of Route 1 and Ritz Way, the property consists of 106,582 square feet of industrial and office space. Purchased for $5,025,000 and vacant at the time of acquisition, the property is now 91% leased to four different tenants.
SILVER POINT
Herndon, VA
Office & Land Development | 132,176 sf
This 132,176-square-foot office building is located at 575 Herndon Parkway directly adjacent to the new Herndon Metro Station, scheduled to open in summer 2020. Abutting and offering prime visibility from the Dulles Airport Toll Road, the building is fully leased to Booz Allen Hamilton through July 2023. In addition, the site has recently been rezoned to allow for up to 900,000 square feet of future mixed use development.
SOUTHLAWN INDUSTRIAL
Rockville, MD
Flex / Industrial | 39,482 sf
Located on Lofstrand Lane in Rockville, MD, this flex property is tenanted by McKesson Laboratories as well as a number of local users.
WALDORF BUDGET SELF STORAGE
Waldorf, MD
Self-Storage | 21,400 sf
In the early 1990s, BCC acquired three stand-alone self-storage facilities and an industrial park that included a self-storage facility. In total, BCC acquired 178,000 square feet of self-storage that operated as “Budget Self Storage.” These four properties are located in Waldorf and Marlow Heights, MD, and Sterling and Springfield, VA. The Waldorf Budget Self Storage property consists of 21,400 square feet and was BCC’s first acquisition in 1989. The Marlow Heights and Sterling properties were sold in 2015 and 2016 respectively.