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24 Audrey Ln

Oxon Hill, MD

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Market: Oxon Hill, MD

Type: Retail

Role: Developer, Equity Investment & Asset Management

Acquisition Drivers

  • Washington D.C. suburb location bordering two markets gives property a unique competitive advantage.
  • Strong national and regional tenants—Giant Supermarket, CVS, Foot Locker, Payless Shoes, Rainbow Apparel, Burger King, etc.
  • Favorable location for retailers—population density and traffic volume

UrbanAmerica Enhancement

  • Increased occupancy and stabilization of high credit tenants
  • Increased NOI
  • Contributed dollars for the creation of a Police Station on site
  • Implemented cosmetic improvements to the asset