Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2005
Building Area Net
Occupancy 100.0 %

Asset Description

​​​​​​​JLL is pleased to present for sale 15901 Frederick Road (“The Property”), a 43,500 SF boutique office building currently owned by Educational Systems Federal Credit Union. Constructed in 2005, the three-story asset is strategically located in Rockville, Maryland and presents the opportunity for a variety of potential uses and business plans. The favorable CR zoning provides future ownership significant multifamily and commercial development optionality. Current zoning allows for a maximum FAR of 2.0 with up to 1.0 FAR of commercial development and up to 1.5 FAR of residential development. The Property also lies within the maximum expansion limits of the City of Rockville and annexation into the City could provide zoning flexibility as well as additional achievable density.

Investment Highlights

  • ​​​​​​Institutional Acquisition Opportunity with Beneficial Current Zoning Allowing for Business Plan Optionality and Multiple Uses
  • Core Multifamily & Commercial Redevelopment Opportunity with Ideal Site Shape for Scalability and Efficiency
  • Outstanding Transit Access Walkable to the Shady Grove Metro Station (Red Line)
  • Located in the Heart of the I-270 Biotech Corridor with Direct Access to the National Cancer Institute & Adventist HealthCare Shady Grove Medical Center
  • Proximity to Key Demand Drivers Adjacent to Downtown Crown & Rio Washingtonian Center (870,000 SF of Retail)
  • Very Limited Future Multi-Family Supply in the Submarket Creating Strong Demand to Supply Imbalance And Outsized Rent Growth
  • Ideal Resident Demographics Median Household Income of $113K


Last Updated Date: 17 Nov 2022

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Last Updated Date: 17 Nov 2022

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