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Shady Grove Center

15900 Shady Grove Rd, Gaithersburg, MD, US
Total Size
107,845 sqft
Year Constructed
Year Renovated

About Shady Grove Center

Transwestern, as exclusive advisor to the owner, is pleased to present this investment offering for a 107,845 sf retail center in Gaithersburg, MD known as Shady Grove Center (the “Property”). This core-plus opportunity provides investors upside through the lease-up and repositioning of the center in the short run and the opportunity to redevelop the site in the long term. Shady Grove Center’s current zoning allows for by-right redevelopment of the Property’s 6.13 acres into 668,000 SF (2.5 FAR) of retail, restaurant, entertainment, or industrial uses, while future re-zoning of the Property would allow for the addition of multifamily product to the list of by-right uses. More than 90% of the in-place leases expire by 2020, providing investors with stable near term cash flow while positioning the asset for redevelopment.

Shady Grove Center is situated in a prominent mixed-use location at the intersection of Shady Grove Road and Gaither Road, within blocks of I-370 and I-270. The immediate area is home to an expansive inventory of multifamily and retail, and boasts a retail vacancy rate of 2.3% within one-mile of the Property. With a traffic count of more than 50,000 cars per day along Shady Grove Road and Gaither Road, and more than 300,000 cars per day along I-370 and I-270, Shady Grove Center is highly visible and accessible. Demographically, the Property is in the heart of Montgomery County which boasts one of the highest household income levels in the nation.

Internet Providers for Shady Grove Center

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications, LLC Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
25 Mb/s
Cavalier Telephone Mid-Atlantic, LLC DSL
50 Mb/s
50 Mb/s
MegaPath Corporation Copper Wireline
25 Mb/s
25 Mb/s
Verizon Maryland Inc. DSL
10 Mb/s
1.5 Mb/s
Broadview Networks Holdings, Inc. Copper Wireline
3 Mb/s
3 Mb/s

The Market: Washington D.C.

The typical asking rate per listing is in the $30's per square foot per year. The Washington D.C. submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.

Median Rate Median Size

Median Rate over Time in Washington D.C.