Silver Spring, MD
- ADDRESS:10801 Lockwood Dr, Silver Spring, MD
- MARKET:Washington, DC
- YEAR BUILT:1988
- RENTABLE AREA:72,000 Square Feet
- AVG. FLOOR PLATE:24,166 Square Feet
- PARKING:3.2/1,000 Square Feet Parking Ratio
Colewood Center is a 72,000 square foot medical office building acquired in 1997 when it was 66% occupied and faced an immediate 33% tenant roll.
Colewood Center was fully leased and professionally managed. After 3.5 years it was sold, having earned a 34% IRR.