Asking Price Contact for pricing
Sq. Footage 235,210
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2005

Property Description

235,210 SF class A office building, located in the North Rockville submarket. Built in 2005, the asset is 60% leased with 9.0 years WALT remaining,

Investment Highlights

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this value-add offering for 77 Upper Rock (the “Property”), a 235,210 RSF Class A office asset located in Rockville, Maryland. Repositioned as of summer 2019, the Property now offers a new building lobby, tenant lounge, conference room, fitness center, and restrooms. The Property has experienced approximately 75,000 RSF of leasing during the repositioning and is now 31% leased to 4 tenants with 9.0 years of WALT and with additional LOI conversion potential. 77 Upper Rock’s location at the intersection of Shady Grove Road and I-270 provides outstanding accessibility to the north and south alike, with downtown Washington, DC accessible in 30 minutes. Surrounded by over 550 Class A residential units and walkable amenities such as CAVA, CVS, Firehouse Subs, and MOM’s Organic Market, the Property boasts an unparalleled suburban tenant experience. 77 Upper Rock is a coveted value-add opportunity to achieve attractive risk adjusted returns through the continued lease up of a recently repositioned, best-in-class asset.
Andrew Weir
Andrew Weir
Senior Managing Director

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.