Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 2300 Perkins Place, Silver Spring, Maryland 20910. The property is a 1968-built 31,650 SF warehouse with four warehouse tenants and three 2nd-story office tenants, all on NNN leases. The property offers permissive IM-2.5 zoning, 2 drive-in doors, 4 loading docks, and 20’ clear heights. It has 23,250 SF of rentable warehouse space and 8,650 SF of 2nd story office space. The property is ideally located halfway between two of Montgomery County’s most affluent and populous neighborhoods – Bethesda and Silver Spring. It is also 1-mile from I-495 and 1.5 miles from the Washington D.C. border. The Purple Line runs nearby the property and the new Lyttonsville Station is 0.5 miles away. The Brookville Road Industrial Area has 1.4 million square feet of industrial space in roughly 50 buildings. It benefits from limited industrial inventory, almost 100% occupancy and high area rents. It is also adjacent to the Walter Reed Army Medical Center, Forest Glen Annex. Current rent for the warehouse bays averages $11.10/SF NNN. Other buildings in this market have leases ranging from $15.00/SF to over $20.00/SF NNN. While there is term remaining on all the leases, when leases expire, a new owner can dramatically increase rents. In the short-term, this investment is a stable, low management property with tenured tenants. In the longer term, a new owner will be able to significantly boost rental revenue. Further, the entire area should benefit from the new Purple Line station and associated likely nearby developments and infrastructure improvements.