30 West Watkins Mill Road

Gaithersburg, Maryland

30 West Watkins Mill Road

A 97,000 square foot laboratory converted to multi-tenant office.

Overview

Moore acquired 30 West Watkins in 2006 for $15.7 million. The building was a speculative 97,000 square foot laboratory that had failed to lease.

Moore converted the asset to a multi-tenant office product and repositioned it in the brokerage community.

Soon after commencing the multi-tenanting marketing plan, the asset was sold to an office user for $21.4 million.

Property Summary

Address:
30 W Watkins Mill Rd
Gaithersburg, MD 20878 ‎

Market:
Washington, DC

Year built:
2002

Rentable area:
97,000 Square Feet

Stories:
3

Average floor plate:
30,679 Square Feet

Parking:
3.5/1,000 Square Feet Parking Ratio