443-510-0632
9841 Washingtonian Blvd, Gaithersburg, MD for Sale
Office - FOR SALE
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9841 Washingtonian Blvd
Gaithersburg, MD 20878


HIGHLIGHTS

  • 103,360 SF, five-story trophy office asset located in the highly sought-after Rio Lakefront
  • Prime waterfront position within Maryland’s most-visited open-air shopping center (7.5M annual visitors)
  • Walkable mixed-use environment with 760,000+ SF of retail, dining, entertainment, and residential uses
  • Assumable $13.81M non-recourse loan at 4.41% fixed through 2032
  • Strong in-place tenancy anchored by Launch Workplaces (45,281 SF; lease through 2033)

OVERVIEW

Hyatt Commercial is pleased to present the exclusive offering of Lakefront at Washingtonian, a 103,360-square-foot, five-story trophy office asset prominently positioned within Rio Lakefront in Gaithersburg, Maryland. Widely regarded as one of the most desirable suburban office destinations in the Washington, D.C. region, the property offers a rare combination of institutional-quality tenancy, assumable below-market financing, and a premier walkable mixed-use environment. Situated directly on the waterfront within Rio Lakefront — Maryland's most-visited open-air shopping center and a nationally recognized top-25 lifestyle destination — the asset benefits from immediate access to more than 760,000 square feet of high-end retail, dining, entertainment, hospitality, and residential uses. The destination attracts approximately 7.5 million visitors annually and serves a dense, affluent trade area with average household incomes exceeding $140,000 within a five-mile radius. The offering includes a $13.81 million non-recourse assumable loan at a fixed 4.41% interest rate through 2032, providing a highly attractive in-place financing structure relative to current debt markets. Launch Workplaces anchors the property with 45,281 square feet under a long-term agreement through 2033, while approximately 22,850 square feet of vacancy and near-term rollover provide a defined value-add lease-up opportunity. Reach out for access to the deal room!

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakefront at Washingtonian

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

290

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

MXD

APN/PARCEL ID

09-03405773

ASK ABOUT THIS PROPERTY

Cecil CumminsHyatt CommercialMore Info
443-510-0632

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Cecil CumminsHyatt CommercialMore Info
443-510-0632

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