6177-6183 Executive Blvd - Medical FOR SALE


Rockville, MD 20852- Pike & Rose
$2,599,980 USD
561-990-9020
6177-6183 Executive Blvd, Rockville, MD for Sale
$2,599,980 USD
Medical - FOR SALE
1/8
null | 6.46% Cap Rate

6177-6183 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. $2,599,980 FOR SALE OWNER/USER OR INVESTOR 5 Office Condo Units (6175,6177,6179, 6181,6183) One Stand Alone Building 7,246 Square Feet 6175,6177,6179, 6181,6183 Executive Blvd North Bethesda, MD 20852 OWNER/USER OR INVESTOR $ 949,995 6183 Executive Blvd North Bethesda, MD 20852 $ 459,995 6181 Executive Blvd North Bethesda, MD 20852 $ 749,995 6177 Executive Blvd North Bethesda, MD 20852 (6175 & 6177) $ 439,995 6179 Executive Blvd North Bethesda, MD 20852 6183 Executive Blvd North Bethesda, MD 20852 Unit 6183 is Approx 2,999 SF including extra storage area The Unit has been subdivided into two separate Units with two Tenants. $6,245/mo Total Current Rent plus any increases in Base Condo fees or Base Taxes Graphics Company Current Lease Term 3/1/26-3/31/31. Medical Practice Current Term 3/1/26-6/30/28. Landlord Responsible for Base YR RE Taxes, Base YR Condo Fees, Capital Expenditures Tenants Responsible for any increases from Base YR RE Taxes and Condo Fees Tenants Responsible for all Repairs/Maint, HVAC Maint, Utilities, Water, Sewer, Electric, Janitorial WIFI etc. all billed on a separate meter. Total RE Taxes (7/1/25-6/30/26) $11,396.79 Tenants Reimburses RE Taxes in excess of Base Yr Rate Total Condo Fees $591.00/mo. Tenant Reimburses Condo Fees in excess of Base Yr Rate Condo Fee includes Prof Mgmt, Exterior Maint, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance Beautiful 2 Story Office Condo renovated with many upgrades High Ceilings with Spacious Furnished Reception Area Kitchenette with Custom Cabinets and Granite Countertops Conference Room 2 Private Bathrooms 11 Offices (7 Main Level and 4 Upper Level) Beautiful Glass Enclosed Upper Offices Upgraded energy efficient lighting and ceiling tiles Lots of Natural Light with Oversized Windows 2 HVAC Systems with multiple Zones $114,000 in Renovation Upgrades Large Storage area Security System Carpet and Tile Peaceful beautifiable Landscaped Exterior Courtyard Entrance Free Parking Walking distance to Pike and Rose Retail Center and Metro 6181 Executive Blvd North Bethesda, MD 20852 Current Medical Therapy Tenant renewed early and Signed 5-Year Lease that runs through on 3/31/33. Approx 1,463 SF including extra storage area Current Lease Term 4/1/23-3/31/33. 3% increases annually 4/1. $3,301.15 Current Rent plus any increases in Base Condo fees or Base Taxes Landlord Responsible for Base YR RE Taxes, Base YR Condo Fees, Capital Expenditures Tenant Responsible for any increases from Base YR RE Taxes and Base YR Condo Fees and for all Repairs/Maint, HVAC Maint, Utilities, Water, Sewer, Electric, Janitorial WIFI etc. RE Taxes (7/1/25-6/30/26) $5,738.66 Tenant Reimburses RE Taxes in excess of Base Yr Rate Condo Fee $288.00/mo Tenant Reimburses Condo Fees in excess of Base Yr Rate and are added to Rent Condo Fee includes Prof Mgmt, Exterior Maint, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance Beautiful 2 Story Office Condo completely renovated with many upgrades High Ceilings with Spacious Furnished Reception Area Kitchenette with Custom Cabinets and Granite Countertops 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 Storage area Security System Free Parking Walking distance to Pike and Rose Retail Center and Metro 6175-6177 Executive Blvd North Bethesda, MD 20852 6177 Executive Blvd North Bethesda, MD 20852 (Both 6175 & 6177 Units) This 6177 Executive Unit has been subdivided into two separate units with separate entrances for addresses 6175 Executive and 6177 Executive but the Sale is for both Units listed in property records as 6177 Executive. Approx. 1,871 SF Total for Units 6715 & 6177 Five Tenants Currently in Units 6715 & 6177 $5,909.28/mo. Prospective Total Rent for Units 6175 & 6177 if 2.5 Additional Offices Rented = $4,069.25/mo +$1,840/mo $4,069.28/mo. Current Total Tenant Rent for Units 6175 & 6177 Units Combined 6175-6177 Tenants include: Three Tenants in Unit 6175 Therapist Lease Term is 1/1/24-12/31/26 Therapist Lease Term is 10/1/24-9/30/26 Therapist Lease Term is (Use is Part-time) Lease Term since 1/1/24 month to month. Two Tenants in Unit 6177 Remodeling Company renewed early and new term is 3/1/26-12/31/29 Yoga Studio renewed early and new term is 3/1/26-12/31/29 Combined Units 6175 & 6177 Additional Info: Landlord Responsible for Base YR RE Taxes, Base YR Condo Fees, Capital Expenditures, Janitorial. Tenants Responsible for any increases from Base YR RE Taxes and Base YR Condo Fees and responsible for all Repairs/Maint, HVAC Maint, Utilities, Water, Sewer, Electric, Janitorial, WIFI etc. RE Taxes (7/1/25-6/30/26) $7,242.12 (Tenants Reimburses RE Taxes in excess of Base Yr Rate) Condo Fee $369.00/mo. (Tenant Reimburses Condo Fees in excess of Base Yr Rate) Condo Fee includes Professional Mgmt, Exterior Maint, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades Spacious Reception Area New Kitchenettes Private Bathroom 5 Offices (All 5 Main Level) Upgraded energy efficient lighting and ceiling tiles HVAC System with multiple Zones $57,000 in Renovation Upgrades has already been invested in this property Security System Easy Street Level Park and Walk-in Entrance Free Parking 6175-6177 Features: New Kitchenette with Custom Cabinets Large Conference Room used by Remodeling Company during the week and converted for use as a Yoga Studio during the weekend Private Bathrooms Lots of Natural Light with Oversized Windows that can open for fresh air HVAC System with multiple Zones $44,000 in Renovation Upgrades has already been invested in this property Carpet and Tile Easy Street Level Park and Walk-in Entrance Free Parking 6179 Executive Blvd N. Bethesda, MD 20852 Current Medical Tenant has occupied this Unit since YR 2020 and current Lease runs through on 2/28/29. Tenant has renewed Twice early already. Approx 913 SF Current Lease Term 3/1/20-2/28/29. $2,665.17/mo Current Rent plus any increases in Base Condo fees or Base Taxes Landlord Responsible for Base YR RE Taxes and Base YR Condo Fees Tenant Responsible for all Repairs/Maint, HVAC Maint, Utilities, Water, Sewer, Electric, Janitorial, WIFI etc. RE Taxes (7/1/25-6/30/26) $3,712.55 Tenant Reimburses RE Taxes in excess of Base Yr Rate and are added to Rent Condo Fee includes Professional Mgmt, Exterior Maint, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance Beautiful One Level First Floor Walk-in Entrance Office Condo

FOR SALE DETAILS

PRICE

$2,599,980 USD

PRICE/SF

$359 USD /SF

CAP RATE

6.46%

% 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 Advisors Inc.More Info
561-990-9020

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

Robert EpsteinParadise Realty Advisors Inc.More Info
561-990-9020

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