Twinbrook Office Center MID-ATLANTIC CAPITAL MARKETS GROUP 1700 Rockville Pike Offering Memorandum Rockville, MD 1700 ROCKVILLE PIKE HALPINE RD CHAPMAN AVE TWINBROOK ROCKVILLE PIKE METRO STATION BOUIC AVE THOMPSON AVE ROLLINS AVE TWINBROOK PKWY 1700 Rockville Pike Executive Overview ................................................... 6 The Future of Twinbrook .......................................... 14 Property Specifications ............................................ 20 Tenancy ................................................................... 30 Financial Analysis ................................................... 42 DEAL CONTACTS Gerald P. Trainor 202.775.7091
[email protected] James V. Cardellicchio 202.775.7094
[email protected] Wesley M. Machowsky 202.775.7038
[email protected] LEASING Jovi McAndrew 301.896.9122
[email protected] Scott Randolph 301.896.9055
[email protected] FINANCING Cary Abod 202.533.2513
[email protected] EXECUTIVE OVERVIEW 6 EXECUTIVE OVERVIEW Transwestern’s Mid-Atlantic Capital Markets Group, as the exclusive representative for the owner, is pleased to PROPERTY AT-A-GLANCE present the fee simple sale of a 163,194 SF Class B+ office building commonly known as Twinbrook Office Center located at BUILT/RENOVATED: 1983 / 2013 1700 Rockville Pike in Rockville, Maryland (the “Property”). This SQUARE FOOTAGE: 163,194 SF 6-story value-add office building is adjacent to the Twinbrook Metrorail Station within a submarket that is undergoing a TYPICAL FLOOR: 28,000 SF significant revitalization to a transportation oriented live-work- play town center. STORIES: 6-stories; center-core 654 total spaces: The building is currently 71% occupied with an average lease ON-SITE PARKING: 534 covered garage spaces term of 4-years. The Property has stable cash flow with immediate 120 surface spaces upside through the lease up of the vacancy space.