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1355 & 1375 Piccard Dr

Rockville, MD
Total Size
244,001 sqft
Year Constructed
1987

Current Availabilities

Nov 08
ago
Office
Listing agent for this listing
Gerry Trainor, Transwestern

About 1355 & 1375 Piccard Dr

Transwestern, as the exclusive representative for the owner, is pleased to present for sale two institutional quality office buildings located at 1355 & 1375 Piccard Drive (the “Properties”) totaling 244,001 SF. The Properties provide investors the opportunity to acquire two adjacent assets along the 15 mile stretch of I-270 commonly known as “DNA Alley”— the heart of a heavily concentrated and thriving biotech & medical cluster. The Properties are 75% leased, providing investors a steady income stream and the potential for value-add returns through the lease up and stabilization of the assets.

Located near the intersection of I-270 and West Gude Drive, the Properties benefit from exceptional vehicular access via I-270, I-370 and Route 355; and are proximate to prominent biotech and medical leaders such as Johns Hopkins University, The National Institutes of Health, and The National Cancer Institute. Furthermore, the Properties are just minutes away from an extensive amenity base that includes King Farm Village Center and Washingtonian Center. The Properties, conveniently situated less than two miles from the Shady Grove Metrorail station (Red Line), are also served by Ride on Metrobus and are approximately 0.4 miles from the proposed Corridor Cities Transitway line.

Internet Providers for 1355 & 1375 Piccard Dr

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications, LLC Fiber
10 Gb/s
10 Gb/s
PAETEC Communications, Inc. Copper Wireline
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
25 Mb/s
tw telecom of maryland llc Copper Wireline
25 Mb/s
25 Mb/s
MegaPath Corporation Copper Wireline
25 Mb/s
25 Mb/s
XO Communications, LLC Copper Wireline
10 Mb/s
10 Mb/s
Verizon Maryland Inc. DSL
10 Mb/s
1.5 Mb/s

The City: Rockville

Compared to the rest of the Washington D.C. market, the Rockville submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
Rockville $32
/sqft/yr
4,600
sqft
Median Rate Median Size
Washington D.C. $32
/sqft/yr
3,450
sqft

Median Rate over Time in Rockville