Descripción

JLL is pleased to present for sale 7126 Wisconsin Avenue, a premier 1.05-acre development site in the heart of Bethesda, MD, one of the nation’s most affluent and highly sought-after submarkets. The fully entitled and approved 400,902 GSF site features 330 units with an average size of 977 SF and 8,200 SF of retail. The condensed timeline to construction start allows future ownership to capitalize on the strong fundamentals within the submarket and deliver with minimal competition given the lack of future supply. New deliveries in the Downtown Bethesda market continue to set new high watermarks with rents surpassing $4.50 PSF, highlighting the strength of the resident demographic and demand for high-quality, trophy assets.

Prominently positioned on Wisconsin Avenue, Bethesda’s main thoroughfare, the Property sits 2 blocks from the Bethesda Metro (Red and future Purple Lines). Considered a Walker’s Paradise, with a 96 Walk Score, 7126 Wisconsin is located next to Bethesda Row and is just blocks from Woodmont Triangle, providing access to over 2.1 MM SF of retail space including 220+ premier restaurants and retailers. In addition, 7126 Wisconsin is surrounded by over 15.7 MM SF of office space and is proximate to major Montgomery County employers including NIH, Walter Reed, Host Hotels, JBG Smith, the Marriott Headquarters, and the new Geico Headquarters.

The offering presents the opportunity to create a dynamic community in a gateway, live-work-play environment. The Property’s transit-oriented, infill location in an exceptionally high barrier-to-entry market with world-class demographics and permanent demand drivers will provide cash flow stability and steady income growth in perpetuity upon project delivery.

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