Three Gaithersburg Warehouses Sold For Just Over $51 Million

by MCS Staff
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Three Gaithersburg warehouses totaling 200,080 square feet have been purchased by an affiliate of New York’s Brookfield Properties for $51.25 million, According to a recent report by BizJournals. The Reserve Business Center is located at 8791-8797 Snouffer School Road.

Construction on the warehouses was completed and delivered in 2016. Goodman Distribution and Paul Davis are two of the current tenants. According to the report, “Newmark data shows the county’s industrial properties are 97% leased, with many older warehouse properties being converted to lab space, thus making it harder to find available warehouse space.”

Featured photo courtesy of the previously linked LoopNet listing.

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