{"id":1004176043,"date":"2017-05-10T10:53:37","date_gmt":"2017-05-10T18:53:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004176043"},"modified":"2021-05-14T23:01:47","modified_gmt":"2021-05-15T07:01:47","slug":"suburban-dc-office-building-sells-for-4m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-dc-office-building-sells-for-4m\/","title":{"rendered":"Suburban DC Office Building Sells for $4M"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004176049\" style=\"width: 378px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004176049\" data-attachment-id=\"1004176049\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/suburban-dc-office-building-sells-for-4m\/capture-97\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png\" data-orig-size=\"811,608\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1335 Piccard Drive, Rockville, Md.\" data-image-description=\"&lt;p&gt;1335 Piccard Drive, Rockville, Md.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;1335 Piccard Drive, Rockville, Md.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png?w=811\" loading=\"lazy\" class=\"wp-image-1004176049 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png\" alt=\"1335 Piccard Drive, Rockville, Md.\" width=\"368\" height=\"276\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png 811w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Capture2.png?resize=768,576 768w\" sizes=\"auto, (max-width: 368px) 100vw, 368px\" \/><\/a><p id=\"caption-attachment-1004176049\" class=\"wp-caption-text\">1335 Piccard Drive, Rockville, Md.<\/p><\/div>\n<p>Jarher Investments LLC acquired Piccard Drive Health Center, an office\/ flex building located at 1335 Piccard Drive in Rockville, Md. for $4.2 million. Transwestern Senior Vice Presidents Guy Copperthite and Jim Darby acted on behalf of the seller, 1335 Piccard LLC, an entity affiliated with Well Stone Corp., public records show. According to <em>PropertyShark<\/em>, the building last traded in 2000 for $4.3 million.<\/p>\n<p>Built in 1971, the 27,500-square-foot building sits on a 5.7-acre parcel, in D.C.\u2019s North Rockville submarket. It features a recently renovated entrance and 96 parking spaces. Transportation is facilitated by Shady Grove Metro Station and a bus station conveniently located in front of the building. It also provides direct access to Shady Grove Road and Interstate 270, with Washington, D.C. a half-hour drive away. The building is anchored by the Montgomery Department Of Health and Human Services. <a href=\"https:\/\/www.commercialsearch.com\/news\/rockvilles-shady-grove-medical-pavilion-adds-fourth-tenant-in-2015\/\">Shady Grove Medical Pavilion<\/a>, located just nearby, serves similar tenant purposes.<\/p>\n<p>\u201c<em>We had substantial interest in this property from pure office users, educational\/school groups, adult daycare groups and self-storage, which created a healthy, competitive environment for the sale,<\/em>\u201d Copperthite said in a prepared statement. \u201c<em>The new ownership has plans to convert the building into an assisted living and senior care facility.<\/em>\u201d<\/p>\n<p><em>Image courtesy of Transwestern<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transwestern handled the sale of a 27,500-square-foot office\/flex building located in Rockville, Md. The building last traded in 2000 for $4.3 million.<\/p>\n","protected":false},"author":241,"featured_media":1004176049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,11,21742,21747,1615],"tags":[33313],"class_list":["post-1004176043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midatlantic","category-latest","category-office","category-washington-dc","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Suburban DC Office Building Sells for $4M - 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\/suburban-dc-office-building-sells-for-4m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban DC Office Building Sells for $4M\" \/>\n<meta property=\"og:description\" content=\"Transwestern handled the sale of a 27,500-square-foot office\/flex building located in Rockville, Md. 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