DC-Area Industrial Building Trades for $5M

on October 29, 2020

Fortified Property Group has acquired 16001 Industrial Drive, a 28,000-square-foot industrial/office building in Gaithersburg, Md., for $4.575 million.

“The location is A+ for infill service industrial, is minutes from I-270, and within close proximity to the dense residential population and major employers in close-in Montgomery County, including Rockville, Gaithersburg, Germantown and Bethesda,” Joe Friedman, Edge’s partner of capital markets, told Commercial Observer. “The oversized parking lot and outside storage is extremely valuable for many industrial users such as auto body and HVAC contracting.”

Read the full article here.

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Miranda VanGilderDC-Area Industrial Building Trades for $5M