The Bank of America Building | 10000 Falls Rd
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The Bank of America Building 10000 Falls Rd
27,408 SF 100% Leased Office Building Potomac, MD 20854 For Sale
INVESTMENT HIGHLIGHTS
- HIGHLY COMMITTED, CREDIT GRADE ANCHOR:26% of the Property is leased by Bank of America, which has been in tenancy since 1993.
- MONTGOMERY COUNTY’S MOST COVETED INTERSECTION: The Property boasts prime frontage on Falls & River Road, with over 19,000 vehicles passing daily.
- CONSISTENTLY OUTPERFORMS THE MARKET: The Property has maintained an occupancy rate of no less than 94% since 2019.
- IMPRESSIVE NET EFFECTIVE RENTS: All 4 leases executed in 2024 came with a base rent in the mid $40's PSF with an average TI spend of $5 PSF.
EXECUTIVE SUMMARY
Avison Young’s U.S. Capital Markets Group, who has been retained as the exclusive advisor to the Owner, is pleased to offer for sale The Bank of America Building (The “Property”), a 100% leased mixed-use asset in the heart of Potomac Village. Located at 10000 Falls Road, the Bank of America Building is a 27,408 square foot mixed-use asset anchored by Bank of America’s flagship branch, serving the highly affluent community of Potomac, Maryland. The Property’s rent roll is headlined by Bank of America (Fitch: AA), the second largest U.S. Bank by Assets, in addition to a diverse mix of tenants from legal, real estate services, financial services, and healthcare industries.
New ownership will secure prime real estate with a bullseye location within one of the most sought-after zip codes (20854) in the country, bolstered by a micro market which is poised to meet sustained commercial demand derived from some of the strongest demographics
in the entire United States.
New ownership will secure prime real estate with a bullseye location within one of the most sought-after zip codes (20854) in the country, bolstered by a micro market which is poised to meet sustained commercial demand derived from some of the strongest demographics
in the entire United States.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Building Size
27,408 SF
Building Class
B
Year Built/Renovated
1974/2008
Percent Leased
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
6,750 SF
Slab to Slab
9 ft
Building FAR
0.72
Lot Size
0.87 AC
Zoning
NR0.7 - Commercial zoning
Parking
86 Spaces (3.14 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Banking
- Controlled Access
- Central Heating
- Fully Carpeted
- Natural Light
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 10-00870516 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £13,792,282 |
PROPERTY TAXES
Parcel Number
10-00870516
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£13,792,282
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The Bank of America Building | 10000 Falls Rd
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