6167-6189 Executive Blvd - Medical FOR SALE


Rockville, MD 20852- Pike & Rose
$2,587,980 USD
301-367-5996
6167-6189 Executive Blvd, Rockville, MD for Sale
$2,587,980 USD
Medical - FOR SALE
1/3
null | 6.44% Cap Rate

6167-6189 Executive Blvd
Rockville, MD 20852
Pike & Rose


OVERVIEW

The Entire Stand Alone Building is For Sale. It is comprised of 5 Separate Condominium Units in the Executive Office Park. $714,995 FOR SALE OWNER/USER OR INVESTOR 6177 Executive Blvd North Bethesda, MD 20852 (Both 6175 & 6177 Units) $359,995 FOR SALE INVESTOR 6179 Executive Blvd North Bethesda, MD 20852 $482,995 FOR SALE INVESTOR 6181 Executive Blvd North Bethesda, MD 20852 $1,029,995 FOR SALE OWNER/USER OR INVESTOR 6183 Executive Blvd North Bethesda, MD 20852 2024 NOI $143,729 but if Proforma if Fully Leased in YR 2025 NOI Projected $166,548 Minimum 2 Units sold together except will sell 6183 alone. Condo Fee on all Units includes Professional Management, Exterior Maintenance, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance Free Parking Walking distance to Pike and Rose Retail Center and Metro Details Below: $1,029,995 6183 Executive Blvd North Bethesda, MD 20852 Current Medical Therapy Tenant has occupied this Unit since YR 2016 and current Lease runs through on 6/30/28 but is willing to vacate earlier or can remain in the space. Beautiful 2 Story Office Condo renovated with many upgrades High Ceilings with Spacious Furnished Reception Area 2,999 SF including extra storage area RE Taxes (7/1/24-6/30/25) $11,295.59 Condo Fee $563.00/mo Tenant Reimburses Taxes & Condo Fees in excess of Base Yr Rate Medical Therapy Tenant Lease runs through 6/30/28. Annual Increases of 3% Tenant Responsible for all Repairs, HVAC Maintenance, Utilities, Janitorial Utilities/Water/Sewer/Electric are all billed with separate meter. Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees Kitchenette with Custom Cabinets and Granite Countertop Conference Room 2 Private Bathrooms 11 Offices (7 Main Level and 4 Upper Level) Beautiful Glass Enclosed Upper Offices Energy efficient lighting Lots of Natural Light with Oversized Windows 2 HVAC Systems with Multiple Zones Potential to have entire office fully furnished along with the Sale $114,000 in Renovation Upgrades included Large Storage area Security System Peaceful beautifiable Landscaped Exterior Courtyard Entrance $482,995 6181 Executive Blvd North Bethesda, MD 20852 Current Medical Therapy Tenant Signed 5 year Lease that runs through on 3/31/28 Beautiful 2 Story Office Condo completely renovated with many upgrades High Ceilings with Spacious Furnished Reception Area 1,463 SF including extra storage area RE Taxes (7/1/24-6/30/25) $5,637.46 Tenant Reimburses RE Taxes in excess of Base Yr Rate Condo Fee $275.00/mo Tenant Reimburses Condo Fees in excess of Base Yr Rate and are added to Rent Medical Therapy Tenant Lease runs through 3/31/28. Annual Increases of 3% Tenant Responsible for all Repairs, HVAC Maintenance, Utilities, Janitorial Utilities/Water/Sewer/Electric are all billed with separate meter. Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees Kitchenette with Custom Cabinets and Granite Countertops Conference Room Private Bathroom 9 Offices (6 Main Level and 3 Upper Level) Beautiful Glass Enclosed Upper Offices Upgraded energy efficient lighting and ceiling tiles Lots of Natural Light with Oversized Windows HVAC System with Multiple Zones $77,000 in Renovation Upgrades included Storage area Security System Peaceful beautifiable Landscaped Exterior Courtyard Entrance $714,995 6177 Executive Blvd North Bethesda, MD 20852 (Both 6175 & 6177 Units) Current Prime Leaseholder Medical Therapy Tenant has occupied this Unit since YR 2016 and current Lease runs through on 6/30/28. This 6177 Executive Unit has been subdivided into two separate units with addresses 6175 Executive and 6177 Executive but the Sale is for both Units listed as address 6177 Executive. RE Taxes (7/1/24-6/30/25) $7,140.92 Condo Fee $351.00/mo Tenant Reimburses RE Taxes & Condo Fees in excess of Base Yr Rate Medical Therapy Tenant Lease runs through 6/30/28. Annual Increases of 3% Tenant Responsible for all Repairs, HVAC Maintenance, Utilities, Janitorial Utilities/Water/Sewer/Electric are all billed with separate meter. Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees 6175 Executive Info: Prime Leaseholder is using 2 of the 5 Offices and has Sublet 3 of the 5 Offices in this Unit to other Medical Professionals and is willing to vacate those 2 offices which could be used by New Owner/User or Rented out for additional rental income. Subtenants have current Subleases ranging from 1-3 yrs 6175 Features: Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades Spacious Furnished Reception Area Approx. 930 SF out of a Total of 1,871 SF (6175 Executive and 6177 Executive Combined) New Kitchenette Conference Room Private Bathroom 5 Offices (All 5 Main Level) Energy efficient lighting Lots of Natural Light with Oversized Windows HVAC System with multiple Zones $57,000 in Renovation Upgrades included Security System Easy Street Level Park and Walk-in Entrance 6177 Features: Prime Leaseholder is not using any of this Office Space. Sublet Tenants are a Remodeling Company and a Yoga Studio. Sublease was just renewed early and now expires 10/31/27. Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades Reception Area Approx 941 SF out of a Total of 1,871 SF (6175 Executive and 6177 Executive Combined) New Kitchenette Large Conference Room Private Bathroom 2 Offices Energy efficient lighting Oversized Windows $42,000 in Renovation Upgrades Street Level Walk-in Entrance $359,995 6179 Executive Blvd North Bethesda, MD 20852 Current Medical Therapy Tenant has occupied this Unit since YR 2020 and current Lease runs through on 2/28/26 and has already renewed once. Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades Spacious Furnished Reception Area with Medical Receptionist Workstation 913 SF RE Taxes (7/1/24-6/30/25) $3,611.33 Tenant Reimburses RE Taxes in excess of Base Yr Rate Medical Tenant Lease runs through 2/28/26. Annual Increases of 2% Tenant Responsible for all Repairs, HVAC Maintenance, Utilities, Janitorial Utilities/Water/Sewer/Electric are all billed with separate meter. Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees Private Bathroom 4 Exam Room Offices (All Main Level) Upgraded energy efficient lighting and ceiling tiles Natural Light with Oversized Windows HVAC Systems for ideal temperature environment $41,000 in Renovation Upgrades included Easy Street Level Park and Walk-in Entrance

FOR SALE DETAILS

PRICE

$2,587,980 USD

PRICE/SF

$357 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

EOF

APN/PARCEL ID

04-01951232,04-01951243,04-01951254,04-01951265,04-01951312

ASK ABOUT THIS PROPERTY

Robert EpsteinParadise Realty, Inc.More Info
301-367-5996

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Robert EpsteinParadise Realty, Inc.More Info
301-367-5996

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.