Map pin3 Bethesda Metro Ctr, Bethesda, MD, 20814-5330, US

3 Bethesda Metro Center

3 Bethesda Metro Center_Property for Sale

Attributes

Building area gross
400,578 sf
Occupancy
53%
WAULT
4.9 years
Year built
1985
Year renovated
2016
Land area net
4.3 acres

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase the leasehold interest in 3 Bethesda Metro Center (“the Property”), a 400,578 BRSF, Class A office building located on top of metro in Washington, DC’s renowned Bethesda submarket. 3 Bethesda Metro Center is 53% leased to 31 tenants with 4.9 years of Weighted Average Lease Term (“WALT”). The Property’s tenancy and iconic location present an attractive blend of existing cash flow as well as value creation through lease-up and stabilization. Additionally, the site offers investors the ability to increase density through plans for 500,000 square feet of multifamily development across 479 units at 4 Bethesda Metro Center.


The Property’s unmatched location, coupled with the value creation opportunities of driving occupancy to stabilization and potential development upside, places the Property within a unique position relative to downtown Bethesda office. Potential investors will be the beneficiaries of the ongoing development of place-making retail, luxury residential, and transportation infrastructure while 3 Bethesda Metro Center’s diversified rent roll will offer attractive cash flow to bridge today’s investor to the Bethesda of tomorrow.

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Investment Highlights

  1. Unmatched Location Directly Above the Bethesda Metro Station (Red Line) on Wisconsin Avenue, Providing Convenient Access to Broader DC Metro Region
  2. Historically Low Basis with Future Upside via Additional Development Potential
  3. Over $19MM in Base Building and Amenity Spend Since 2016
  4. Price-Effective Leasing Profile with Asking Rents at a Significant Discount to Trophy Rents
  5. Upside Potential via Maximization of 1,294-Car Garage with Significant Nearby Transient Demand
  6. Abundant Outdoor Space Including Rooftop Terrace and Tenant Lounge and Ground-Floor Plaza
3 Bethesda Metro Center 4_Property for Sale
3 Bethesda Metro Center 4_Property for Sale
3 Bethesda Metro Center (0 Properties)

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Last updated
5 Sep 2025