{"id":1004154852,"date":"2016-10-10T02:52:32","date_gmt":"2016-10-10T10:52:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004154852"},"modified":"2021-05-14T21:29:49","modified_gmt":"2021-05-15T05:29:49","slug":"finmarc-management-acquires-46600-sf-flexwarehouse-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/finmarc-management-acquires-46600-sf-flexwarehouse-building\/","title":{"rendered":"Finmarc Management Grabs DC-Area Industrial Asset"},"content":{"rendered":"

By Irina Vrasmas<\/em><\/p>\n

\"7419-7431<\/a>

7419-7431 Lindbergh Drive, Gaithersburg, Montgomery County, Md.<\/p><\/div>\n

Washington\u2014<\/strong>Finmarc Management Inc.<\/a> of Bethesda, Md., has recently acquired a 46,600-square-foot flex\/warehouse building located at 7419-7431 Lindbergh Drive in Gaithersburg, Md. The asset is sited on 4.7 acres of land and was purchased from 7419 Lindberg Drive LLC for $4.95 million. At the time of the deal, the property was 90 percent occupied.<\/p>\n

\u201cAcquiring this high-quality asset builds upon and leverages the value of the adjacent properties our team purchased earlier this year,\u201d Marc Solomon, a principal of Finmarc, said in prepared remarks. \u201cWe continually seek value-add opportunities in this sub-market based on the sustained strength of the industrial<\/a>, warehouse and commercial office product categories. This flex\/warehouse building is substantially leased by a creditworthy company, is excellently maintained and it was acquired at below replacement cost.\u201d<\/p>\n

Sandy Hunt of Scheer Partners<\/a> represented both the buyer and the seller in the transaction. The property is positioned near the intersection of Woodfield Road (MD Route 124) and Airpark Road, in close proximity to the Intercounty Connector (MD Route 200), Interstate 370 and the Shady Grove metro station. Currently, the building’s largest tenant is Allied Building Supply.<\/p>\n

Earlier this year, Finmarc Management paid $9.2 million for two single-story, fully-leased assets located across from the newly acquired building at 7500 and 7510 Lindbergh Drive.<\/p>\n

Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Montgomery County property was 90 percent leased at the time of the transaction. <\/p>\n","protected":false},"author":1090,"featured_media":1004154853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,11,21742,1615],"tags":[],"class_list":["post-1004154852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-midatlantic","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nFinmarc Management Grabs DC-Area Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/finmarc-management-acquires-46600-sf-flexwarehouse-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finmarc Management Grabs DC-Area Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"The Montgomery County property was 90 percent leased at the time of the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/finmarc-management-acquires-46600-sf-flexwarehouse-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-10T10:52:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T05:29:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/7421-Lindbergh-Drive-Gaithersburg-Montgomery-County-Md..png\" \/>\n\t<meta property=\"og:image:width\" content=\"1053\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Irina Vrasmas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-management-acquires-46600-sf-flexwarehouse-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/finmarc-management-acquires-46600-sf-flexwarehouse-building\/\",\"name\":\"Finmarc Management Grabs DC-Area Industrial Asset - 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