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
David Baker
Director, Capital Markets
License details
DC-SP98379962
MD-645831
VA-0225228839
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