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TPG Angelo Gordon And High Street Logistics Properties Sell Andrews Industrial Center In Upper Marlboro For $31.3M

Property Image
SOLD
$31,300,000
Graham Savage
Dawes Milchling
+ 1

Maryland

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Industrial116,550 SF
Sold 01/15/2026
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Property Image
SOLD

TPG Angelo Gordon And High Street Logistics Properties Sell Andrews Industrial Center In Upper Marlboro For $31.3M

9211 Old Pike Way

See Similar Deals
Industrial116,550 SF
Sold 01/15/2026
Graham Savage
Dawes Milchling
+ 1
Contact now

Summary

MARYLAND
Asset Type:Industrial
Price Per Square Foot:$268
Total Square Footage:116,550 SF
Transaction Type:Sale

9211 Old Pike Way is an industrial asset located in Upper Marlboro, MD, with a transaction price of $31,300,000. The property encompasses 116,550 square feet, resulting in a price per square foot of $269.

Summary of transaction details:

TPG Angelo Gordon and High Street Logistics Properties were the sellers involved in this transaction, with Cushman & Wakefield representing the seller through its brokers Jonathan Carpenter, Graham Savage, Dawes Milchling, and James Check.

Players

Graham Savage
11 deals$384.7M volume(410) 347-7537
BROKER

Jonathan Carpenter
Cushman & Wakefield
10 deals$338.6M volume(410) 347-7543
BROKER

Dawes Milchling
Cushman & Wakefield
7 deals$259.1M volume(410) 347-1157
BROKER


SELLER

Details

SOLD
IMAGE: 01/15/2026 ADDRESS: 9211 Old Pike Way MARKET: Upper Marlboro, MD ASSET TYPE: Industrial SELLER: TPG Angelo Gordon & High Street Logistics Properties BROKERS: Jonathan Carpenter, Graham Savage, Dawes Milchling & James Check - Cushman & Wakefield SALE PRICE: $31,300,000 SF: 116,550 ~ PPSF: $269 NOTE: TPG Angelo Gordon and High Street Logistics Properties sold the 116,550-square-foot Andrews Industrial Center in Upper Marlboro, Md., for $31.3M, with Cushman & Wakefield representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,669,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$111,202.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$148,377.97
Annual Debt Service$1,780,535.62