Search
 

Office Park Sells for $22M

BURTONSVILLE, MD-The Burtonsville Office Park, consisting of four structures with a total of 116,800 sf of class A and B space, sells for $22.4 million. The portfolio is 97% occupied and comes with a pad site that can accommodate an additional 30,000-sf building.

By Barbra Murray | Updated on October 18, 2005

BURTONSVILLE, MD-Private investor 5he Stephen Goldberg Cos. bas paid nearly $22.4 million for the Burtonsville Office Park. Burtonsville Office Park LP was the seller of the 116,800-sf portfolio, consisting of four separate structures.

Dek Potts and Jim Meisel of GVA Advantis represented the seller and served as the sole brokers on the deal. Burtonsville Office Park sits at the intersection of Rte. 29 and Rte. 198 in southeast Montgomery County. The first three low-rise structures, 3901, 3905 and 3909 National Dr. were developed in the 1980s and feature 21,400, 46,400 and 21,400 sf, respectively, with the second and third structures deemed class A designations. The fourth building, 3919 National Dr. was developed in 2002 and offers 27,600 sf of class A space.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.