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6177-6183 Executive Blvd
Rockville, MD 20852
Office Property For Sale
·
7,246 SF
Executive Summary
Features of 6175 Executive Blvd: Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades Spacious Furnished Reception Area New Kitchenette Private Bathroom 5 Offices (All 5 Main Level) Upgraded energy efficient lighting and ceiling tiles Lots of Natural Light with Oversized Windows that can open for fresh air HVAC System with multiple Zones for ideal temperature environment $57,000 in Renovation Upgrades has already been invested in this property Security System Carpet and Tile Easy Street Level Park and Walk-in Entrance Free Parking Walking distance to Pike and Rose Retail Center and Metro Features of 6177 Executive Blvd: 6177 Features: Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades Reception Area New Kitchenette with Custom Cabinets Large Conference Room used by Remodeling Company during the week Large Conference Room converted for use as a Yoga Studio during the weekend Private Bathroom 2 Offices (Both Main Level) Upgraded energy efficient lighting and ceiling tiles Lots of Natural Light with Oversized Windows that can open for fresh air HVAC System with multiple Zones for ideal temperature environment $44,000 in Renovation Upgrades has already been invested in this property Carpet and Tile Easy Street Level Park and Walk-in Entrance Free Parking Walking distance to Pike and Rose Retail Center and Metro Owner willing to Sell Unit 6175-6177 & 6183 together and/or any in combination of three or more Units with 6175-6177, 6179, 6181, 6183.
4 Units Available
Unit 6177
| Unit Size | 1,871 SF | Cap Rate | 7.31% |
| Condo Use | Office/Medical | NOI | $75,033.39 CAD |
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange |
| Unit Size | 1,871 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.31% |
| NOI | $75,033.39 CAD |
| Sale Conditions | 1031 Exchange |
Description
6177 Executive Blvd North Bethesda, MD 20852 (Both 6175 & 6177 Units)
This 6177 Executive Unit has been subdivided into two separate units with separate entrances for addresses 6175 Executive and 6177 Executive but the Sale is for both Units listed in property records as 6177 Executive.
Approx. 1,871 SF Total for Units 6715 & 6177
Five Tenants Currently in Units 6715 & 6177
$5,909.28/mo. Prospective Total Rent for Units 6175 & 6177 if 2.5 Additional Offices Rented = $4,069.25/mo +$1,840/mo
$4,069.28/mo. Current Total Tenant Rent for Units 6175 & 6177 Units Combined
6175-6177 Tenants include:
Three Tenants Currently in Unit 6175
Therapist Lease Term is 1/1/24-12/31/26
Therapist Lease Term is 10/1/24-9/30/26
Therapist Lease Term is (Use is Part-time) Lease Term 1/1/24-12/31/24 but now month to month.
Two Tenants Currently in Unit 6177
Remodeling Company renewed early and new term is 3/1/26-12/31/29
Yoga Studio renewed early and new term is 3/1/26-12/31/29
Combined Units 6175 & 6177 Additional Info:
Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures, Janitorial.
Tenants Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees
Tenants Responsible for all Repairs/Maintenance, HVAC Maintenance, Utilities, Water, Sewer, Electric, Janitorial, WIFI etc. all billed on a separate meter.
RE Taxes (7/1/25-6/30/26) $7,242.12 (Tenants Reimburses RE Taxes in excess of Base Yr Rate)
Condo Fee $369.00/mo. (Tenant Reimburses Condo Fees in excess of Base Yr Rate and are already included in Rent)
Condo Fee includes Professional Management, Exterior Maintenance, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance
Sale Notes
Owner willing to Sell Unit 6175-6177 & 6183 together and/or any in combination of three or more Units with 6175-6177, 6179, 6181, 6183.
1031 Exchange
Unit 6179
| Unit Size | 913 SF | Cap Rate | 5.93% |
| Condo Use | Office/Medical | NOI | $35,709.28 CAD |
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange |
| Unit Size | 913 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.93% |
| NOI | $35,709.28 CAD |
| Sale Conditions | 1031 Exchange |
Description
6179 Executive Blvd North Bethesda, MD 20852
Current Medical Therapy Tenant has occupied this Unit since YR 2020 and current Lease runs through on 2/28/29 and has already renewed Twice.
Features of 6179 Executive:
Beautiful One Level First Floor Walk-in Entrance Office Condo with many upgrades
Spacious Furnished Reception Area with Medical glass enclosed Receptionist Workstation
Private Bathroom
4 Exam Room Offices (All Main Level)
Upgraded energy efficient lighting and ceiling tiles
Lots of Natural Light with Oversized Windows that can open for fresh air
HVAC Systems for ideal temperature environment
$41,000 in Renovation Upgrades has already been invested in this property
Carpet and Tile
Easy Street Level Park and Walk-in Entrance
Free Parking
Walking distance to Pike and Rose Retail Center and Metro
Approx 913 SF
Current Lease Term 3/1/20-2/28/29. 2% increases annually 3/1. Tenant has renewed once already.
Current Rent $2,603.91/mo plus any increases in Base Condo fees or Base Taxes
Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures
Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees
Tenant Responsible for all Repairs, HVAC Maintenance, Utilities, Janitorial etc.
Tenant Responsible for Utilities/Water/Sewer/Electric are all billed with separate meter.
RE Taxes (7/1/24-6/30/25) $3,611.33 (For YR 2024 Tenant was responsible for $445.57 when billed)
Tenant Reimburses RE Taxes in excess of Base Yr Rate (For 2024 YR Tenant Reimb was $445.57)
Condo Fee $171.00/mo (Tenant pays $23/mo portion as included in Current Rent)
Tenant Reimburses Condo Fees in excess of Base Yr Rate and are added to Rent
(For YR 2024 The Condo Fees in excess of Base Yr paid by Tenant as additional Rent was $276)
Condo Fee includes Professional Management, Exterior Maintenance, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance
Owner willing to Sell 6179 Unit in combination with Units and/or 6177, 6181, 6183
Sale Notes
Willing to Sell 6179 Unit in combination with Units and/or 6177, 6181, 6183
Unit 6181
| Unit Size | 1,463 SF | Cap Rate | 6.61% |
| Condo Use | Office/Medical | NOI | $41,604.07 CAD |
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange |
| Unit Size | 1,463 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.61% |
| NOI | $41,604.07 CAD |
| Sale Conditions | 1031 Exchange |
Description
6181 Executive Blvd North Bethesda, MD 20852
Current Medical Therapy Tenant Signed 5 year Lease and Renewed Early on now runs through on 3/31/33
Features of 6181 Executive Blvd:
Beautiful 2 Story Office Condo completely renovated with many upgrades
High Ceilings with Spacious Furnished Reception Area
Kitchenette with Custom Cabinets and Granite Countertops
Conference Room
Private Bathroom
9 Offices (6 Main Level and 3 Upper Level)
Beautiful Glass Enclosed Upper Offices
Upgraded energy efficient lighting and ceiling tiles
Lots of Natural Light with Oversized Windows that can open for fresh air
HVAC System with multiple Zones for ideal temperature environment
$77,000 in Renovation Upgrades has already been invested in this property
Storage area
Security System
Carpet and Tile
Peaceful beautifiable Landscaped Exterior Courtyard Entrance
Free Parking
Walking distance to Pike and Rose Retail Center and Metro
Approx 1,463 SF including extra storage area
Current Lease Term 4/1/23-3/31/33. 3% increases annually 4/1.
Current Rent $3,192.00 plus any increases in Base Condo fees or Base Taxes
Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures
Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees
RE Taxes (7/1/24-6/30/25) $5,637.46
Tenant Reimburses RE Taxes in excess of Base Yr Rate (For 2024 YR Tenant Reimb was $285.58)
Condo Fee $275.00/mo (Tenant is paying $30/mo portion of this already included in Rent)
Tenant Reimburses Condo Fees in excess of Base Yr Rate and are added to Rent
(For YR 2024 The Condo Fees in excess of Base Yr paid by Tenant as additional Rent was $360)
Condo Fee includes Professional Management, Exterior Maintenance, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance
Tenant Responsible for all Repairs, HVAC Maintenance, Utilities, Janitorial etc.
Tenant Responsible for Utilities/Water/Sewer/Electric are all billed with separate meter.
Owner willing to Sell 6181 Unit in combination with Units and/or 6177, 6179 and 6183
Sale Notes
Willing to Sell 6181 Unit in combination with Units and/or 6177, 6179 and 6183
1031 Exchange
Unit 6183
| Unit Size | 2,999 SF | Cap Rate | 5.69% |
| Condo Use | Office/Medical | NOI | $80,177.31 CAD |
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange |
| Unit Size | 2,999 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.69% |
| NOI | $80,177.31 CAD |
| Sale Conditions | 1031 Exchange |
Description
$1,029,995 FOR SALE OWNER/USER OR INVESTOR
6183 Executive Blvd North Bethesda, MD 20852
Current Medical Therapy Tenant has occupied this Unit since YR 2016 and current Lease runs through on 6/30/28 but is willing to vacate earlier or can remain in the space.
Features of 6183 Executive Blvd:
Beautiful 2 Story Office Condo renovated with many upgrades
High Ceilings with Spacious Furnished Reception Area
Kitchenette with Custom Cabinets and Granite Countertops
Conference Room
2 Private Bathrooms
11 Offices (7 Main Level and 4 Upper Level)
Beautiful Glass Enclosed Upper Offices
Upgraded energy efficient lighting and ceiling tiles
Lots of Natural Light with Oversized Windows that can open for fresh air
2 HVAC Systems with multiple Zones for ideal temperature environment
Potential to have entire office fully furnished along with the Sale
$114,000 in Renovation Upgrades has already been invested in this property
Large Storage area
Security System
Carpet and Tile
Peaceful beautifiable Landscaped Exterior Courtyard Entrance
Free Parking
Walking distance to Pike and Rose Retail Center and Metro
Unit 6183 Only Approx 2,999 SF including extra storage area
Current Lease Term 7/1/16-6/30/28. 3% increases annually 7/1. Tenant is willing to vacate early.
Current Rent 7/1/25 $10,129.41 plus any increases in Base Condo fees or Base Taxes
Current Net Rent for 6183 Only 7/1/25 $6,350.01 (since Subtenants in 6177 & 6175 pay Landlord directly $3,779.40)
Landlord Responsible for Base YR Real Estate Taxes, Base YR Condo Fees, Capital Expenditures
Tenant Responsible for any increases from Base YR Real Estate Taxes and Base YR Condo Fees
Tenant Responsible for all Repairs/Maintenance, HVAC Maintenance, Utilities, Janitorial etc. for 6183, 6175, & 6177
Tenant Responsible for Utilities/Water/Sewer/Electric are all billed with separate meters for 6183 & 6177 (6177 & 6175 are on a combined bill since under one property account)
Total RE Taxes (7/1/24-6/30/25) $11,295.59
Base RE Taxes Landlord is responsible for $8,997.59 (Tenant is responsible for $2,298 when billed)
Tenant Reimburses RE Taxes in excess of Base Yr Rate (For 2024 YR Tenant Reimb was $2,298)
Total Condo Fees $563.00/mo (Tenant is already paying $107/mo portion of this included in Rent)
Tenant Reimburses Condo Fees in excess of Base Yr Rate and it is already added into Rent
(For YR 2024 The Condo Fees in excess of Base Yr paid by Tenant as additional Rent was $1,284)
Condo Fee includes Professional Management, Exterior Maintenance, Roof, Structure, Landscaping, Trash Dumpsters, Recycle Bins, Snow Plowing, External Insurance
Sale Notes
Willing to Sell 6183 Unit alone or in combination with Units and/or 6177, 6179 and 6181
1031 Exchange
Property Facts
| Total Building Size | 7,246 SF | Typical Floor Size | 750 SF |
| Property Type | Office | Year Built | 1980 |
| Property Subtype | Medical | Lot Size | 0.15 AC |
| Building Class | B | Parking Ratio | 23.33/1,000 SF |
| Floors | 2 | ||
| Zoning | EOF - The EOF zone is intended for office and employment activity combined with limited residential and neighborhood commercial uses | ||
| Total Building Size | 7,246 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 750 SF |
| Year Built | 1980 |
| Lot Size | 0.15 AC |
| Parking Ratio | 23.33/1,000 SF |
| Zoning | EOF - The EOF zone is intended for office and employment activity combined with limited residential and neighborhood commercial uses |
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Signage
- Skylights
- Hardwood Floors
- Air Conditioning
