Property Type Office - Government Office
Property Size 347,922 SF
Lot Size 3.21 Acre
Parking Spaces Avail. 20
Parking Ratio 0.06/ 1,000 SF
Property Tenancy Single Tenant
Building Class A
Year Built 1993

Location

Map
Street

City Rockville, MD
Neighborhood North Bethesda
Zip Code 20852
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

Market Trends

Average Actual Rents in Rockville

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 Rockville Office Market

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

2020 Avg. Asking Rent $29.28
2020 Office Vacancy Rate 13.02%
2020 Office Completions (SF) 84,264

Rockville Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $220.86
Y-o-Y Avg. PpSF Change -0.71%
2020 Office Sales Volume $195.2M
2020 Number of Transactions 5

Tax

Property Tax in 2021-2022 $1,102,500
Market Value* $100,000,000
Assessed Value $100,000,000

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*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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