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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1986
Building Area
Land Area ()

Property Description

Calhoun Center III is a 116,395 square feet office asset located directly off Rockville Pike at 15400 Calhoun Drive in Rockville, Maryland. The property is 78% leased to 5 tenants with 3.7 years WALT and has experienced 100% rent collections during the COVID-19 pandemic. Calhoun Center III serves as the mission-critical headquarters for Intelligent Automation, Inc., which has renewed and/or expanded 10 times since initial occupancy in 2004. 

Investment Highlights

  • 116,395 square feet office asset constructed in 1986
  • 78% leased to 5 tenants with 3.7 years WALT, 95% historical occupancy since 2010
  • 100% rent collection record through the Covid-19 pandemic
  • Mission-critical corporate headquarters for intelligent automation, Inc., which has renewed and/or expanded 10 times since initial occupancy in 2004
  • Stable in-place cash flow yielding value-add returns
  • Unparalleled accessibility, located directly off Rockville Pike/Route 355
  • Minutes from Downtown Crown and Rio Washingtonian center, offering an abundance of retail amenities
  • Free and clear of existing debt


Last Updated Date: 18 Nov 2020
James Molloy
James Molloy
Managing Director, Capital Markets
David Baker
David Baker
Director, Capital Markets
License details
DC-SP98379962 MD-645831 VA-0225228839

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Last Updated Date: 18 Nov 2020

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