Silver Spring, Maryland
Colewood Center
Overview
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.
Property Summary
Address:
10801 Lockwood Dr,
Silver Spring, MD
Market:
Washington, DC
Year built:
1988
Rentable area:
72,000 Square Feet
Stories:
3
Average floor plate:
24,166 Square Feet
Parking:
3.2/1000 Square Feet Parking Ratio