DC Metro Office Condos
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DC Metro Office Condos
3 Properties Offered at $433,120 in Gaithersburg, MD
Investment Highlights
- The property is located less than a mile from I-370 and I-270, the area’s major interstate highways with direct access to Washington & Baltimore, MD.
- The property, built in 1963 and renovated in 2005 has been well maintained.
- The town is located 20 miles from Washington, DC and easily accessible to the district via I-270.
- Nicely seated on 3.03 acres with an abundance of free surface parking in the front of the building.
Executive Summary
DC Metro Office Condos consists of four office condo units totaling ±2,707 SF, within a four-story class B office building in Gaithersburg, Maryland.
Available to lease separately. $800-$1,000/month/unit
Price reduced $160/sf
818 sf- 2,707 SF
Abundant free parking
Easy access to I-270, I-370, ICC
High traffic amount with average daily - 40,000
The Property, built in 1963 and renovated in 2005 has been well maintained and is currently being used as professional office space and is located on 3.03 acres with an abundance of free surface parking in the front of the building.
Gaithersburg is the fourth largest incorporated city in Maryland. The city is home to many major employers such as NIST, IBM, Lockheed Martin and Sodexo. The town is located 20 miles from Washington, DC and easily accessible to the district via I-270. Located in Gaithersburg, Maryland, within the Washington, DC metro area, the fifth-largest job market in the nation. It includes ±3.2M payroll workers, behind only New York, Los Angeles, Chicago, and Houston. The National Institute of Standards and Technology (NIST) is headquartered in Gaithersburg directly west of I-270. Other major employers in the city include IBM, Lockheed Martin Information Systems and Global Services business area headquarters, MedImmune (a wholly owned subsidiary of AstraZeneca), and the French multinational corporation, Sodexo. The unemployment rate in Gaithersburg is 3.6%, below the US average of 5.2%. (bestplaces.net)
Available to lease separately. $800-$1,000/month/unit
Price reduced $160/sf
818 sf- 2,707 SF
Abundant free parking
Easy access to I-270, I-370, ICC
High traffic amount with average daily - 40,000
The Property, built in 1963 and renovated in 2005 has been well maintained and is currently being used as professional office space and is located on 3.03 acres with an abundance of free surface parking in the front of the building.
Gaithersburg is the fourth largest incorporated city in Maryland. The city is home to many major employers such as NIST, IBM, Lockheed Martin and Sodexo. The town is located 20 miles from Washington, DC and easily accessible to the district via I-270. Located in Gaithersburg, Maryland, within the Washington, DC metro area, the fifth-largest job market in the nation. It includes ±3.2M payroll workers, behind only New York, Los Angeles, Chicago, and Houston. The National Institute of Standards and Technology (NIST) is headquartered in Gaithersburg directly west of I-270. Other major employers in the city include IBM, Lockheed Martin Information Systems and Global Services business area headquarters, MedImmune (a wholly owned subsidiary of AstraZeneca), and the French multinational corporation, Sodexo. The unemployment rate in Gaithersburg is 3.6%, below the US average of 5.2%. (bestplaces.net)
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- Visuals and Graphics
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- Title and Insurance
- Market and Valuations
- Broker Offering Memorandum
- Purchase Agreement
- Operating and Financial
Property Facts
| Price | $433,120 | Number of Properties | 3 |
| Price / SF | $160.00 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,707 SF |
| Status | Active |
| Price | $433,120 |
| Price / SF | $160.00 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,707 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Deer Park Office Centre
600 S Frederick Ave, 3rd Floor - Unit 300, Gaithersburg, MD 20877 |
Office/Medical Condo | 934 SF | 1963 | - |
|
Deer Park Office Centre
600 S Frederick Ave, 3rd Floor - Unit 308, Gaithersburg, MD 20877 |
Office Condo | 818 SF | 1963 | - |
|
Deer Park Office Centre
600 S Frederick Ave, 3rd Floor - Unit 306, Gaithersburg, MD 20877 |
Office Condo | 955 SF | 1963 | - |
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Winny Zhang -
CapStar Commercial Realty
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