Office Space Offered for Sale

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1 Office Space Offered for Sale Oland Professional Center Condominium 3402 Olandwood Court, Olney, Maryland Montgomery County Overview The offering is for the sale of one office space consisting of six fee-simple condominium units with a combined square footage of 6,284 square feet. The space consists of the entire first level of the two-story building. The current layout is intended for one user but division into separate units may be possible. The unit mix is: 3400 Olandwood Ct. Unit 101, 905 sq.ft., Tax acct Olandwood Ct. Unit 102, 1205 sq.ft., Tax acct Olandwood Ct. Unit 103, 1032 sq.ft., Tax acct Olandwood Ct. Unit 104, 1032 sq.ft., Tax acct Olandwood Ct. Unit 105, 1205 sq.ft.,tax acct Olandwood Ct. Unit 106, 905 sq.ft., Tax acct The current zoning for the property is MXTC, mixed use town center, which allows for a variety of uses including professional office as well as retail. The current county use per the property tax assessment is #651 which designates medicalhealth care facility. The majority of the owner/ tenants in the office park are professional and or medical providers. The traffic count in front of the property is 10,800 vehicles per day and the nearest intersection is less than a ½ mile away and is 31,000 per day. There are several major retail neighborhood and strip centers in the market area as well as many stand alone retail establishments. The property is less than one mile to Montgomery General Hospital, has great visibility, fronting directly on Georgia Avenue, has abundant parking and is on the first floor. Location Great location in Olney, Maryland less 1/2 mile North of the intersection of Georgia Avenue, Route 97 & Sandy Spring Road, Route 108 and less than one mile to Montgomery County Hospital. 6,284 sq.ft. Office Size 6,284 sq. ft. on the 1st level with 4 separate entrances from parking area. Building Size Two stories Site Size 4.99 acres Zoning MXTC mixed-use town center. Year Built 1996 Price $2.5 million Condominium Fees $1, per month Property Taxes $19,481 per year Tax Map HT53, Plat 7053 Parking Ratio 4/1000 Represented by Paul Myers Long & Foster Real Estate, Inc. Direct: Mobile: Old courthouse Road, Suite 200, Vienna, VA

2 Office Space Offered for Sale Ceiling Height 9ft Exterior Construction Attractive masonry exterior with architectural grade windows Utility Service Public water and sewer serve the property Electric Service Individually metered units with seprate metered service for the common areas HVAC Split system heat pump Network Cat 5 wiring & T-1 line Note Current lease termination to be negotiated.

3 Location Maps Local Area

4 First Floor Furniture Plan Paint Branch Home 3120 Powder Mill Road, Adelphi, Maryland Prince George s County

5 Plat 7051 of Development Parking Parking

6 Plat 7052 Phase 4

7 Plat 7053 Survey

8 Sec. 59-C Permitted Uses No use is allowed except as indicated in the following table: Permitted Uses. Uses designated by the letter P are permitted on any lot in the zone indicated, subject to all applicable regulations. Special Exception Uses. Uses designated by the letters SE may be authorized as special exceptions, in accordance with the provisions of Article 59-G. MXTC MXTC/ TDR (a) Residential 2 : Dwellings P P Group home, small P P Group home, large P P Hotel or Motel P Housing and related facilities for the elderly or handicapped P P Life care facility P P Personal living quarters P P (b) Transportation, Communication and Utilities: Parking of motor vehicles, off-street, in connection with any use permitted P P Public utility buildings and structures, telecommunications facilities SE SE Radio and television broadcasting studio SE SE Rooftop mounted antennas and related unmanned equipment building, equipment cabinet or equipment room P 6 P 6 Taxicab stand P P (c) Commercial 2 : Antique stores, handicrafts or art sales P 1 P 1 Book store P 1 P 1 Delicatessen P P Drug store P 1 P 1 Eating and drinking establishment, excluding drive-in P P Eating and drinking establishment, drive-in SE SE Florist shop P P Furniture store, carpet or related furnishing sales or service P 1 P 1 Garden supply shop P 1 P 1 Gift shop P P Grocery store P 1 P 1 Hardware store P 1 P 1 Jewelry store P P Newsstand P P Office supply store P 1 P 1 Photographic supply store P P

9 Sec. 59-C Permitted Uses Pet sales and supply store P 1 P 1 Specialty shop P 1 P 1 Variety and dry goods store P 1 P 1 (d) Services: Adult foster care home P P Ambulance or rescue squad P P Animal boarding place SE SE Appliance repair shop P 1 P 1 Art, music and photographic studio P 1 P 1 Automobile filling station SE 3 SE 3 Automobile fluid maintenance station SE 4 SE 4 Automobile rental services, excluding automobile storage P 5 P/SE 5 Automobile repair and service SE 4 SE 4 Barber and beauty shop P P Bank and other financial institution P/SE 8 P/SE 8 Car wash SE SE Charitable and philanthropic institution P P Clinic P P Child daycare facilities: Family day dare home P P Group day care home P P Child day care center P P Daycare facility for not more than 4 senior adults and persons with disabilities P P Domiciliary care home for more than 16 residents P P Dry cleaning and laundry establishment, consisting of no more than 3,000 square feet of gross floor area P P 1 Dry cleaning and laundry pick-up station P 1 P 1 Duplicating services P 1 P 1 Educational institution SE SE Home occupation, no impact P P Home occupation, registered P P Home occupation, major SE SE Hospice care facility P P Hospitals, veterinary SE SE Laundromat, self-service P 1 P 1 Office, general P 1 P 1 Office, professional P 1 P 1 Place of worship P P Publicly owned or publicly operated uses P P

10 Sec. 59-C Permitted Uses Shoe repair shop P P Tailoring or dressmaking shop P P Research, development and related activities P 1 P 1 (e) Cultural, Entertainment and Recreational: Billiard parlor P 1 P 1 Bowling alley P 1 P 1 Health clubs and gyms P 1 P 1 Libraries and museums P P Private clubs and service organizations SE SE Recreational or entertainment establishments, commercial P 1 P 1 Theaters, indoor P 1 P 1 (f) Miscellaneous Uses Accessory buildings and uses P 1 P 1 Signs in accordance with Article 59-F P P (g) Uses of a light industrial nature 7 Manufacturing of electronic components, instruments and devices P P Manufacturing of medical, scientific or technical instruments, devices and equipment. P P Manufacturing and assembly of semi-conductors, microchips, circuits and circuit boards. P P Printing and publishing. P P Research, development and related activities. P P Sign making shop. P P Warehousing and storage services: Industrial and commercial users. P P Self-storage facilities. P P 1 Any non-residential use with more than 20,000 square feet per floor requires approval of a site plan under Division 59-D-3. 2 A commercial use other than a grocery store, is limited to a maximum of 40,000 square feet of gross floor area. 3 A car wash with up to 2 bays may be allowed as an accessory use to an automobile filling station. 4 Not abutting or confronting any lot which is in a residential zone and is not recommended for commercial or industrial use on a master plan; and not within 300 feet of an entrance to a school, park, playground, or hospital. 5 Up to 10 cars may be stored on site. 6 Refer to section 50-A Allowed only if recommended in a master or sector plan. 8 A drive up bank or a bank with a drive in window must be approved by special exception subject to the general requirements of Section 59-G-1. (Legislative History: Ord. No , 2; Ord. No , 1; Ord. No , 1.)

11 Disclaimer The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified its contents and make no warranty or representation with respect to this document or its contents herein. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property.

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