MCF Capital Buys 80k SF Greenbelt Office Building
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A California-based financial firm has purchased an 80k SF Greenbelt office building.
Transwestern brokered the sale of Triangle Centre, at 6401 Golden Triangle Drive, between an undisclosed seller and MCF Capital Management.
The sale price was not disclosed, but the property was recently assessed a $7M value in January. It recently underwent $2M in capital improvements.
The four-story Class-A office building sits on nearly three acres just inside the beltway, near the intersection of Kenilworth Avenue and Greenbelt Road. Tenants include Madeline Timberlake Century 21 Realty, First Preference Mortgage Corp and Aggregate Industries.
"Triangle Centre presented an excellent value-add leasing opportunity," says Transwestern managing director Mark Glagola. "MCF Capital made a strategic play by purchasing this building for a very competitive price."