West Gude 30 W Gude Dr

CPG, as exclusive representative to the Seller, is pleased to present 30 West Gude Drive in Rockville, MD (the "Property"). The 7.24 acres Property is improved with a 5-story, 128,440 SF office building with 463 surface parking spaces. 30 West Gude Drive is prominently located in the southwest corner of the intersection of Frederick Road/ MD-355 (43,869 VPD) and West Gude Drive (22,422 VPD). The Property is part of an office complex that is next to College Plaza, a 110,500 SF grocery anchored shopping center and the Montgomery College Rockville
Campus that serves 16,000 students each semester. The Property is located on Frederick Road/ MD-355 which serves as the prime retail and business corridor of Montgomery County and it is in close proximity to I-270 (2.5 miles), Rockville Town Center (1.7 miles), Shady Grove Metro Station (1.4 miles), and Rockville Metro Station (1.4 miles).
The Property is currently 49.6% leased with all current lease terms ending by CY 2028. The office building is well maintained and we have seen leasing demand from tenants in the Rockville market leading us to believe the vacancies could be leased. The building has high ceiling heights which allow it to be converted for medical or life science uses.
The 7.24 acres Property is zoned MXE which allows by-right residential development as well as other uses. There is high demand for additional housing in the City of Rockville and the most recent comprehensive plan supports residential development. A conceptual plan showing 150 stacked townhomes can be found on page 8.
30 West Gude Drive presents an opportunity to purchase an income producing office building with significant redevelopment potential in a busy corridor of the City of Rockville. Please do not hesitate to contact CPG with any questions.