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12069 Tech Rd

5,168 SF Office Unit Offered at £946,800 in Silver Spring, MD 20904

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Investment Highlights

Flex 20ft ceilings, rollup drive in, directly off Route 29 and 2 miles from the interconnect and interstate 95.

Executive Summary

Montgomery Industrial Park, Flex Condo and Duplex Units.

Property Facts

Price	£946,800	Building Class	C
Unit Size	5,168 SF	Number of Floors	2
No. Units	1	Typical Floor Size	2,809 SF
Total Building Size	5,618 SF	Year Built	1988
Property Type	Light Industrial (Unit)	Lot Size	5.28 AC
Property Subtype	Light Manufacturing Light Industrial Research & Development Light Industrial Light Distribution Office Industrial Live Work Unit	Parking Ratio	30.79/1,000 SF
Sale Type	Owner User	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£946,800
Unit Size	5,168 SF
No. Units	1
Total Building Size	5,618 SF
Property Type	Light Industrial (Unit)
Property Subtype	Light Manufacturing Light Industrial Research & Development Light Industrial Light Distribution Office Industrial Live Work Unit
Sale Type	Owner User
Building Class	C
Number of Floors	2
Typical Floor Size	2,809 SF
Year Built	1988
Lot Size	5.28 AC
Parking Ratio	30.79/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Unit Available

Unit 12069

Unit Size	5,168 SF	Unit Use	Office
Price	£946,800	Sale Type	Owner User
Price Per SF	£183.20

Unit Size	5,168 SF
Price	£946,800
Price Per SF	£183.20
Unit Use	Office
Sale Type	Owner User

Description

There are 294 lined parking spaces / 17 units = 17 per unit. 2 more spaces directly behind the overhear doors. Probably 6 other unassigned areas available for parking. At this point, there is no dedicated parking, but the BOD is authorized to approve parking policy.
Condo Association – Reserves adequately funded. Recent roof replacement (60%). Condo responsibility.

Sale Notes

General details of 12069 Tech Rd.

HVAC – Installed 5/27/2020 Trane 5 Ton 18 SER 13.2 EER Downstairs, Trane 3 Ton Upstairs – Model XL18i 2-stage Outdoor A/C and XV80 2-stage gas furnace. 10-year parts, 12-year compressor, 5-year labor warranty, heat exchanger 20-year warranty. Smart control thermostat.

2 electrical panels – 24 breakers downstairs 18 breakers upstairs

$60,000 upgrade done 2018 – LVP downstairs foyer, halls, kitchen/conference area, new carpet throughout. Fresh paint, kitchen, cabinets, refrigerator, sink, new bathroom fixtures, tile/shower, countertops & vanities, reception area coffee bar. New windows downstairs (4). New trim. LED lighting throughout. New water heater. Professionally decorated.

Downstairs:
Reception area with coffee bar and refrigerator. TV rough in.
1 large office, 3 smaller offices, reception area, large conference area used for employees. Supply cabinets and postage meter area.
Kitchen area with sink, refrigerator, and cabinets.
Assembly room – currently used by admin staff. It was used for our servers and backup computer systems.
Warehouse area. 20’ ceilings with full roll-up door..
2 bathrooms, one with a shower.

Upstairs:
Finished - 3 offices w/ reception area and large conference area (separate for 2 additional offices). Approximately 1056 sq ft finished (44 x 24). Office supply cabinets.
Bathroom
Mezzanine – 1,200 sq ft main mezzanine + 256 sq ft supplemental
Alarm system
Network hard-wired for offices