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Project Profiles

Colewood Center

Silver Spring, MD

PROPERTY SUMMARY

  • ADDRESS:10801 Lockwood Dr, Silver Spring, MD
  • MARKET:Washington, DC
  • YEAR BUILT:1988
  • RENTABLE AREA:72,000 Square Feet
  • STORIES:3
  • 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.

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PROPERTY SUMMARY

  • ADDRESS:10801 Lockwood Dr, Silver Spring, MD
  • MARKET:Washington, DC
  • YEAR BUILT:1988
  • RENTABLE AREA:72,000 Square Feet
  • STORIES:3
  • AVG.
    FLOOR PLATE:24,166 Square Feet
  • PARKING:3.2/1,000 Square Feet Parking Ratio