Property Type Office
Property Size 124,820 Sqft
Lot Size 17.43 Acre
Parking Spaces Avail. 374
Parking Ratio 3.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 2000

Location

Map
Street

City Germantown, MD
Neighborhood Germantown
Zip Code 20876
Market Washington DC Suburban Maryland

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity 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

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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 (Sqft)

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Tax

Property Tax in 2021-2022 $225,189
Market Value $20,525,700
Assessed Value $20,525,700

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Seneca Meadows Corporate Center - 20358 Seneca Meadows Pkwy, Germantown, MD 20876 - Office Space

Seneca Meadows Corporate Center - 20358 Seneca Meadows Pkwy is located at 20358 Seneca Meadows Pkwy in the Germantown neighborhood, MD, Germantown, 20876. The Class B Office building was completed in 2000 and features a total of 124,820 Sqft.

There are 42 office spaces for lease in the Germantown neighborhood, totaling 380,586 Sqft of available office space. The office space availability for the 20876 zip code is 141,384 Sqft, in 20 office spaces. The average asking office rent per sq. ft. in Germantown is $21.82/sqft/year. For Class B office buildings the average office rate is $23.85/sqft/year.

In Germantown, there are 9 class B office buildings. In Germantown, there are a total of 3 LEED certified office buildings. In 2000, the same year Seneca Meadows Corporate Center - 20358 Seneca Meadows Pkwy was built, 12 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Germantown, featuring 583,088 square feet of commercial space. At zip code level, there are 26 commercial properties, of which 16 are office buildings over 50,000 square feet.