Montgomery County Teachers FCU 15901 Frederick Rd

JLL is pleased to present for sale 15901 Frederick Road (“The Property”), a 43,500 SF boutique office building currently owned by Educational Systems Federal Credit Union. Constructed in 2005, the three-story asset is strategically located in Rockville, Maryland and presents the opportunity for a variety of potential uses and business plans. The favorable CR zoning provides future ownership significant multifamily and commercial development optionality. Current zoning allows for a maximum FAR of 2.0 with up to 1.0 FAR of commercial development and up to 1.5 FAR of residential development. The Property also lies within the maximum expansion limits of the City of Rockville and annexation into the City could provide zoning flexibility as well as additional achievable density.
The Property is uniquely positioned in the heart of the I-270 life sciences cluster, which has become one of the nation’s most prominent hubs for medical research, testing, and development. The National Institutes of Health, National Cancer Institute, and The Food and Drug Administration employ over 30,000 people along I-270, in addition to the nearby Shady Grove Life Sciences Center, National Institutes of Standards and Technology, Johns Hopkins University – Montgomery County, and The Universities at Shady Grove. The Property is less than a mile away from Rio Washingtonian & Downtown Crown, one of the preeminent live-work-play environments in Montgomery County, offering tenants a unique suburban experience with immediate access to urban amenities.
Conveniently located approximate to Interstate 270 (155,000 vehicles per day) and within a mile of Interstate 370/Maryland Route 200 (Intercounty Connector – ICC), 15901 Frederick Road offers seamless connectivity to the employment hubs within the immediate submarket
as well as Downtown Rockville, Bethesda, and Washington, DC to the south and Gaithersburg and Germantown to the north. Access to Washington DC Metro’s Red Line is within walking distance at the Shady Grove Metro Station, providing swift access to Washington DC’s Union Station (45 minutes) and broader Washington Metropolitan area access via mass transit. 15091 Frederick Road also benefits from its unique positioning in Montgomery County, which features premier, nation-leading demographics including a median household income of $113,000 and one of the top school districts in the country.