Met ro Point s Hot el andNew Car rollt on Town Cent er

8500 Annapolis Road, New Car rollt on, MD

FOR SALE OPPORTUNITY ZONE

DC METRO - MIXED-USE PROPERTY

BELOW REPLACEMENT COST - VALUE ADD 197 KEY FULL SERVICE INDEPENDENT HOTEL

50,000 SF MEDICAL OFFICE CENTER

20,000 SF RETAIL CENTER

109,000 SF MULTI-FAMILY DEVELOPMENT SITE

$1.6 MM+ IN PLACE NOI

Reliant Realty Advisors is pleased to present a unique mixed-use, value-add investment opportunity with the Metro Points Hotel and The New Carrollton Town Center.

SUMMARY

Unique Opportuni ty Zone Si te wi th $1.6 MM In Place NOI

0.7 Mi les from New Carrol l ton Master Plan Development and Metro Stat ion

25 Minutes to Downtown DC

Premium Access to Metro, Train, Bus and Interstate

Diversi f ied Cash Flow

Below Replacement Cost

Value Add Investment

Incent ives - TDOZ, Enterprise Zone, PILOT, TIF

PROPERTY DESCRIPTION

Property Name: New Carrollton Town Center

Address: 8500 Annapolis Road, New Carrollton, MD 20784

Year Built: 1971 as a Hotel, extended to Town Center in 2007

Zoning:Mixed-Use; C-S-C: Allowance for office, retail, hotel, multifamily uses. Rezoning options through TDOZ Overlay

Site / Building Area: 4.66 Acres / 245,337 GSF

Asset Overview: 197 Key Hotel 109,678 RSF

Ball Room 9,100 RSF

Food & Beverage 5,000 RSF

Medical Office 46,000 RSF

Retail 18,656 RSF

Parking Garage 154 Spaces

Surface Parking 175 Spaces

Development Site 109,000 SF

Transportation:

Adjacent to I-495 Beltway, 0.7 miles to New Carrollton Purple/Orange line Metro and MARC/Amtrak Train Stations, Annapolis Rd corridor primary bus route

FULL SERVICE INDEPENDENT HOTEL

Metro Points Hotel: 197 Keys 115,678 NSF

Services and Amenities: Ball-Room Divisible 9,100 NSF

Full Service Food & Beverage 5,000 NSF

Market Segmentation: Group & Event Hotel with full service Banquette and Event Services

Amenities: Restaurant, Bar, Gym, Ballroom, Banquette Hall, and Conference Rooms

Value Add: Reposition hotel to improve guest experience and increase ADR and Occupancy to comparable market set.

2018 Operating SummaryOccupancy ADR RevPAR

63.10% $77.94 $ 49.14

Income Statement 2018

Room Revenue $ 3,515,552 F&B Revenue $ 1,414,960Other Income $ 173,392

Gross Revenue $ 5,103,904 Dept Expenses $ 2,129,014 Variable Expenses $ 1,564,224 Fixed Expenses $ 315,239

Total Expenses $ 4,008,477NOI $ 1,095,427

Representative Room

Banquet Hall

Hotel Lobby

Full Service Dining Room

Medical Office: 46,006 RSF

Tenants My Urgent Care, Maryland Health Care Clinic, APMI, Children's Choice Pediatric, Metro Dental

Location: Located in a medically under-served area. Proximate to three major hospital complexes - University of Maryland Capital Region Health Center, Doctor's Community Hospital and Dimensions Healthcare System

Building: 16 ft high ceilings, 40 ft Column spacing

Value Add: Lease up remaining medical office space

2019 In Place IncomeOccupancy Vacant SF Ave Rent $/SF

37.67% 28,676 $ 25.06Gross Revenue $ 434,206 Opex $PSF / Total $ 6.00 $ 219,065 NOI $ 215,141

REGIONAL MEDICAL OFFICE

Lobby

Retail: 18,656 RSF

Tenants IHOP, Bella Cache, Cricket Communications, Los

Treys Reyes, Metro Tandoor, Fatty Hair Salon

Regional Statistics: Low retail vacancy (< 5.0%) in the Annapolis Road

Corridor. Over 40,000 vehicles per day

Value Add: Lease up remaining three retail bays

2019 In Place Income

Occupancy Vacant SF Ave Rent $/SF

62.3% 5,140 $ 28.29

Gross Revenue $ 464,644

Net Opex $PSF / Total $ 2.36 $ 115,848

NOI $ 348,796

RETAIL

Site: 27,531 SF

Development Potential: 162,718 GSF

Entitlements: 109,742 GSF Multifamily Apartment, approximately 100 units. 52,976 GSF Parking Structure for 168 additional spaces. Preliminary plan approved by Prince George's County.

DEVELOPMENT SITE

Survey

Mult ifam ily Developm ent

Developm ent Sit e

INVESTMENT INCENTIVES

Oppor t unit y Zone

Opportunity Zone Tax IncentivesTEMPORARY TAX DEFERRAL for capital gains reinvested into a Qualified Opportunity Fund

(QOF). The deferred gain must be recognized on the earlier of

either the date on which the Opportunity Zone investment is

sold or December 31, 2026.

STEP-UP IN BASIS for capital gains reinvested in an

Opportunity Zone Fund. The basis of the original investment

is increased by 10% if the investment in the qualified

Opportunity Zone fund is held by the taxpayer for at least 5 years. And by additional 5% if held for at least 7 years, excluding up to

15% of the original gain from taxation.

PERMANENT TAX EXCLUSION OF OPPORTUNITY ZONE

GAINS from the sale or exchange of an investment in a

qualified Opportunity Fund, if the investment is held for at least 10

years. (Note: This exclusion applies to the gains accrued

from an investment in an Opportunity Fund, not the

original gains.)

The Metro Points Hotel and the New Carrollton Town Center are located in a Federal Opportunity Zone for Qualified Opportunity Fund ("QOF") investment. The QOF may allocate the improvement funds across the different uses or in a specific asset within the New Carrollton Town Center.

The Metro Points Hotel and the New Carrollton Town Center is located in a Prince George's County Enterprise Zone and qualifies for:

- State Income Tax Credits- Local Real Property Tax Credits- Accelerated County Permitting Process

Ent erpr ise Zone

PILOT and TIFPayment in Lieu of Taxes (PILOT)

- Opportunity for new owner to utilize the PILOT program for the development of the parking lot structure.

- Potential to abate or defer all or some of the existing property taxes.

Tax Increm ent Financing (TIF)

- New Carrollton Town Center falls within the County's pre-designated New Carrollton TIF District.

- Opportunity for the new owner to take advantage of county incentives to improve and or redeveop the Property.

New Carrollton Town Center is fortunate to take advantage of multiple national and county based investor incentives to assist the improvement of the Property. Each of these incentives may be utilized individually or in combination.

Transit Developm ent Over lay Zone (TDOZ)New Carrollton Town Center is the New Carrollton TDOZ which will focus on three areas: Metro Core, Annapolis Road, and Garden City. The focus areas will enhance New Carrollton's major urban core and streamline development of compact, pedestrian and transit-oriented real estate projects.

Metro Core Focus Area

Annapolis Road Corridor Focus Area

Garden City Focus Area

TDDP & TDOZ Boundary

Additional Area

Improved Intermodal Station

Rail Alignment

Gateway

Iconic Building

Existing Street

Potential Future Connection

Proposed Street

Property Boundary

Future Purple Line Station

Vision Concept

Possible School

733 11th St reet , NE | Suite 300 | Washington DC 20002 | 202.688.1967 | www.reliant realtyadvisors.com

Christopher Woods202.688.0121cw@reliantrealtyadvisors.com

Joe Ruzecki202.350.4284jr@reliantrealtyadvisors.com

LOCATION

Confidentiality Agreement and Disclaimer: This Flyer (?Flyer?) is solely for the use of the prospective purchaser in its evaluation of 8500 Annapolis Road located in New Carrollton, MD (?Property?). Reliant Realty Advisors, exclusive agent for the Property?s owner (?Owner?), prepared this Flyer and while the information contained in this analysis is deemed to be reliable, neither Reliant Realty Advisors nor its representatives make any representations or warranties as to the accuracy or completeness of the information contained in this analysis.