• 12920 Cloverleaf Center Drive
  • 12920 Cloverleaf Center Drive
  • +1 image 12920 Cloverleaf Center Drive
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12920 Cloverleaf Center Drive

Off-Market

12920 Cloverleaf Center Drive, Germantown, MD 20874

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Flex - Office
  • Property Size 30,000 SF
  • Lot Size 4.58 Acre
  • Parking Spaces Avail. 72
  • Parking Ratio 2.40/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1994

Location

  • City Germantown, MD
  • Neighborhood Germantown
  • Zip Code 20874
  • Market Washington DC Suburban Maryland

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 27 Jul, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Germantown

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Germantown Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.11
  • 2020 Office Vacancy Rate 13.84%
  • 2020 Office Completions (SF)

Tax

  • Property Tax in 2021-2022 $37,629
  • Market Value* $3,413,100
  • Assessed Value $3,413,100

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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