Edge Capital Markets recently brokered the sale of 7601 Lindbergh Drive, an approximately 85,000 square foot high-bay, infill industrial asset in Gaithersburg’s Montgomery Airpark. Joe Friedman, Partner, Edge Capital Markets and Joshua Norwitz, Senior Associate, Edge Capital Markets was the exclusive agent of the seller, Lindbergh, Inc.
7601 Lindbergh has been occupied by Builders Design, LLC for more than 30years. Constructed in 1988, the building sits on 4.15 acres of I-L zoning, is equipped with 30-foot ceiling heights and four dock-high loading doors. 7601 Lindbergh is located in the Montgomery Airpark, and just 5 miles from Interstates 270, and the ICC (MD-200) which provide immediate access to a dense population of over one million residents in Montgomery County and the affluent northwest suburbs of Washington, D.C.
“The new owner acquired a rare, high-bay industrial property in Montgomery County with loading docks, ample truck courts and parking ratio.” stated Joe Friedman of Edge. “Single-occupant, high-bay buildings rarely go up for sale in Montgomery County because of the extreme new supply constraints, low vacancy rate and consistent demand for space to serve the densely populated areas of Montgomery County and the surrounding Washington, DC suburbs.”
Edge is a commercial real estate firm providing a full complement of advisory, leasing, investment sales, management, construction, property management and engineering services to clients throughout the Washington, D.C., Maryland, Northern Virginia, and Pennsylvania marketplaces. For additional information, visit www.edgecre.com.
Citybiz article can be found here.