MLS Number MDMC686626
- Year Built 2011
- Property SubType Office
- Sale or Lease
The property consists of an 8,422 sf first floor office condo unit within a two story building totaling 62,380 sf. The building is comprised of 23 total units. A majority of these units are located on the 2nd story. The tenants include professional and medical service oriented uses such as dentists, orthopedics, medical supply, mortgage brokers, construction firms, tech groups and data driven tenants among many more. The building boasts large open hallways and a beautiful lobby with a mezzanine balcony overlooking the lobby from the 2nd floor. There is a common conference room only available to the four first floor tenants on a first come first serve basis which is equipped with projector, glass (white) board and a frosted glass toggle for privacy. The property conveys with ample free surface parking, a 3.79 per 1.000 sf parking ratio. The property is managed by a condominium association that maintains the office building. The unit's net usable size after adjusting for core factor and common area is 7,391 sf, which is a 15.152% interest within the condo association. The condo fee equals $5.98 per sf. It covers all common area maintenance & repairs, a staff building engineer as well as all utility expenses for the tenants. Real estate taxes equal $2.46 per sf. The unit has an office intensive layout with reception area, conference room, kitchen, 17 private offices and 22 additional work stations set up in the open areas. The unit contains high ceilings and two access points for easy ingress and egress. The property is situated within the Crown Pointe Office Park which is located just off N Frederick Avenue (Rt. 355) in Gaithersburg, MD. The site is situated on Professional Drive, an offshoot of Route 355. The immediate area contains a bustling commercial corridor within a densely populated area of Montgomery County. Gaithersburg is the fourth largest incorporated city in MD. 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. The subject site is located within 1 mile of I-270 and just off of Rt. 355 or Frederick Avenue, the major north/south local artery of upper Montgomery County. The encompassing area is home to prominent community shopping centers with an array of national retailers and a strong residential community to support these businesses. Retailers located in the vicinity include Costco, Sam's Club, Sport and Health, Weis, Trader Joes, Panera, Chipotle, Napa Auto Parts, Dunkin Donuts, Concentra Urgent Care, CitiBank, Wells Fargo Bank along with all the retailers within the Lake Forest Mall.The city of Gaithersburg has a population of 67,776, within the Montgomery County population of 1.04 million.
Listed by Oreste J Farina of Farina Real Estate Services