12101 Tech Road in White Oak Area Sold for Over $12.8 Million in 2022

by MCS Staff

Edge, a full-service commercial real estate firm with offices in Washington D.C., Virginia, Maryland, and Pennsylvania brokered the sale of 12101 Tech Road, a 58,280 square foot flex/office building located in the Silver Spring section of Montgomery County, Maryland for over $12.8 million in mid 2022. 12101 Tech Road features 22-foot ceiling heights and a free, surface parking lot that can accommodate more than 100 vehicles. The premises also features multiple loading docks and is home to a total of three tenants making the property 100% leased at the time of the sale. Kingdom Fellowship Church, which occupied over 40,000 square feet, was expected to vacate later in the year.

The asset is in close proximity to MD Route 200 (Intercounty Connector), Interstate 95, and Interstate 495. The property is also within walking distance to the upcoming White Oak Town Center Development, WesTech Village Corner, and minutes away from Orchard Center, which offers numerous sit-down and fast-casual restaurants, shopping, and hotel options. The property is also conveniently located close to Adventist Healthcare White Oak Medical Center. “Acquiring assets of this size in the Montgomery County submarket has become increasingly difficult, given the lack of available properties for purchase, combined with the large volume of investors seeking investments in the Washington, D.C. suburbs.”, stated Robert Pugh of Edge. “The new owner acquired a high-quality and well-maintained asset that will easily support its business operations, which makes this an extremely sound business decision on many levels,” stated Kenneth Fellows of Edge.

Kenneth Fellows and Robert Pugh, both Partners, Advisory Services for Edge, represented the seller, BDC Spectrum LLC and Brad Crosley of JLL represented the buyer, 12101 Tech Road, LLC, in this sales transaction. Edge is a commercial real estate firm providing a full complement of advisory, leasing, investment sales, management, construction, property management, and engineering services to clients throughout the Washington, D.C., Maryland, Northern Virginia, and Pennsylvania marketplaces. For additional information, visit www.edgecre.com.

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