Objektbeschreibung
| Address: | 77 Upper Rock Circle, Rockville, MD |
| Built / Renovated: | 2005 / 2020 |
| Rentable Area: | 235,347 BRSF |
| % Leased: | 97.5% |
| # of Tenants: | 12 |
| WALT: | 8.3 Years (as of 5/1/23) |
| Stories: | 8 Above-Grade Floors & 1 Below-Grade |
| Avg. Floor Plate: | ± 30,500 RSF |
| Parking: | 714 spaces (3.0 per 1,000 SF) |
...
Eigenschaften
Gebäudefläche Netto
21.864 m²
Vermietungsstand
98 %
Baujahr
2005
Grundstücksfläche netto
0,91 Hektar
Medien
Investment-Highlights
- Best-in-class, trophy investment opportunity
- 97.5% leased to 12 tenants with 8.3 years of WALT
- Secure cashflow → 30.4% of RBA is backed by investment grade credit ratings
- Proven flight to quality; over 134,000 RSF (58.1% of RBA) of new leases signed since the onset of the Pandemic
- Only 12.2% of RBA is addressable from a leasing perspective prior to 2025 and 17.8% prior to 2030; minimal leasing required
- 1 of 7 best-in-class, Suburban Maryland offices, whose occupancy rates are highly differentiated from the broader market, collectively boasting a 99.2% occupancy rate on 1.2 MSF of inventory
- Convenient, mixed-use location with nearby walkable amenities
- Trophy amenity package; conference center delivered in 2022
- Located in the heart of Shady Grove → Maryland’s #1 life science cluster for lab and office tenants
- Anchored by Tetracore, a 24 year-old biotech firm focused on diagnostics for infectious diseases & bioterrorism threat agents, and Cirrus through 2034; 61.5% of RBA is in the life science field
- Upside potential via continued office to lab conversion
Makler kontaktieren
77 Upper Rock - 2023 (0 Objekte)
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Zuletzt aktualisiert
20. Okt. 2023
