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GranDesign Building 912 Thayer Ave 19,000 SF 78% Leased Office Building Silver Spring, MD 20910 $5,125,934 CAD ($269.79 CAD/SF) 5.70% Cap Rate

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Investment Highlights

  • Ideal for an owner/occupant that can use a part of the building.
  • Purchase outright or purchase a 1/3rd interest in the property.
  • Class A finishes, shows great, a trophy office building.

Executive Summary

OWNER USER or INVESTMENT BUILDING - FOR SALE
18,753 Square Foot - Office Building – Class “A” Finishings
912 Thayer Avenue, Silver Spring, Maryland 20910
SALES PRICE: Option 1) $3,800,000 at 5.7% cap rate based on current 2025 current revenue with 24.7% (4,607 s.f.) of the building available for lease. When fully leased this building will produce approximately an 8% cap rate.
Option 2) $300,000 for 1/3rd interest in the Grand Design Building. Simultaneously with the purchase the 3 owners will refinance and guarantee a new loan of +/-$2,050,000.
IMPROVEMENTS: +/- 18,635 s.f. of rentable sq. ft. on three levels (+/- 6,200 s.f. per floor). This building and its furnishings resemble a Class “A” appearance. This mixed-use building is demised for multiple tenants with the potential of all or most of the 3rd floor for a single tenant or a new owner occupant. Initially constructed in 1960 this building was completely gutted, reframed and rebuilt in 2005 and professionally maintained to date. The structure is metal beams and posts and the exterior facade consists of brick and Dry-vit panels. There is a flat built-up roof system. The “operable” windows are double pane insulated glass in aluminum frames. There is an OTIS elevator with a 3,000-pound capacity, two stairways and direct walk-in access to all spaces providing accessibility for all. Primary access is via the Thayer Ave. vestibule / lobby entrance at grade that leads to a center corridor, elevator and access to all suites. Floors are a combination of wood, carpet, ceramic and granite tiles over a concrete subfloor. Ceilings consist of drywall, acoustic tile or open style industrial design with LED fixtures throughout. There are separate men’s and woman’s multi-stall bathrooms on each floor. HVAC is provided by a two-pipe system with boiler, cooling tower and chiller located in the 4th floor mechanical room. HVAC for the 3rd floor and corridors is provided by 4 roof top units. Roof access through large 4th floor storage room. The 22 interior or exterior security cameras, temperature controls and building access can be controlled remotely through a cell phone. Landlord has remodeled common areas, lights, tenant finishes and exterior lighting and maintains constant maintenance as needed.
POTENTIAL OWNER / OCCUPANT 3rd FLOOR: The third floor (+/- 6,200 s.f.) is substantially set up as a single tenant space which has been divided into small office suites and open floor design without clear separation. There is a central kitchenette and conference room. This would make a trophy space for a new owner occupant buyer.
LAND: 6,411 s.f. This rectangular site measures +/- 55’ along Thayer Avenue and +/- 115’ along the side alley.
RENT ROLL: Complete rent roll can be provided upon request.
FUTURE PURPLE LINE METRO STATION / DEVELOPMENT: The entire 16-mile Purple Line route is scheduled for completion near the end of 2027. Construction and related road resurfacing in downtown Silver Spring are nearing completion and are likely to be finished this year. A new Purple Line Metro station will be located approximately 1.5 blocks from the subject property, at the intersection of Wayne Ave./Bonifant Street and Fenton Street at the Silver Spring Library. The existing Red Line Metro station is approximately three blocks away, at Colesville Road and Wayne Avenue.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
19,000 SF
Building Class
B
Year Built/Renovated
1960/2005
Price
$5,125,934 CAD
Price Per SF
$269.79 CAD
Cap Rate
5.70%
NOI
$292,178 CAD
Percent Leased
78%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,000 SF
Slab To Slab
10’
Building FAR
2.91
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
CR 3-0 - Central Business District CR 3.0 with a 3 FAR for both commercial and residential uses and a height limit of 130 feet. Retail, Office, Medical, etc.

Amenities

  • Security System

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Brenda Mitchell, MD
  • Health Care and Social Assistance
  • -
  • -
  • Full Service
  • Oct 2012

Brenda Mitchell, MD PLLC is a privately held medical practice specializing in family medicine and preventive health services. Founded in 2006, the practice provides comprehensive primary care, chronic disease management, and public health-focused preventive medicine. Dr. Brenda Ellis Mitchell, the principal physician, is board-certified in Family Medicine and Public Health & General Preventive Medicine. The practice operates from two main locations in Annandale, Virginia, and Silver Spring, Maryland, offering outpatient services that include routine checkups, health screenings, and wellness consultations. Dr. Mitchell graduated from Howard University College of Medicine and has over 30 years of clinical experience. The practice emphasizes individualized care and continuity for patients across diverse backgrounds.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • -

Fitness Together Franchise Corporation a été fondée par Rick Sikorski en 1983 à Scottsdale, en Arizona. Le nom sous lequel les franchises exercent leurs activités a été changé pour Fitness Together en 1999 pour la protection nationale des marques de commerce. Fitness Together est maintenant le plus grand organisme d'entraînement personnel au monde. Leur programme offre un entraînement physique personnalisé unique pour les hommes et les femmes âgés de 15 à quatre-vingts ans. Dans l'intimité des suites individuelles, leurs clients travaillent avec leur propre entraîneur personnel pour atteindre des objectifs de conditionnement physique mutuellement établis. Chez Fitness Together, leur objectif est d'offrir à leurs clients des séances de conditionnement physique personnelles, individuelles et de qualité. Leur philosophie « 1 client - 1 formateur - 1 objectif » en dit long. Leurs clients profitent des avantages de leurs programmes d'entraînement uniques en les aidant à atteindre tous leurs objectifs de conditionnement physique dans leurs suites d'entraînement privées.

  • Fm Talent Source Llc
  • Administrative and Support Services
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Chez GranDesign Studio et GDS Plus, nous basons notre travail sur les principes des objectifs partagés dans le cadre du modèle de partenariat. Tous les projets sont d'abord étudiés et examinés par tous les partenaires. Après l'examen initial, chaque projet est confié aux soins directs d'un partenaire qui supervise étroitement une interaction personnalisée entre l'architecte du projet, le client, les responsables locaux du bâtiment, les consultants, l'entrepreneur en bâtiment et les fournisseurs de matériaux. L'objectif est de fournir au client un produit de qualité, avec un temps décisionnel plus court, une précision technique et une créativité dans la conception, l'exactitude dans la préparation de la documentation de construction, la rapidité de l'examen des permis et la maximisation des économies de matériaux et du temps dans le processus de construction.

  • Grand Design Studio Inc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • New Era Watch & Jewelry Repair
  • Services
  • -
  • -
  • -
  • -
  • Public Administration
  • -
  • -
  • -
  • -

Avec plus de 25 ans d'expérience de travail internationale et nationale dans le développement et la mise en œuvre de la formation, les relations avec la clientèle, la gestion des relations avec les fournisseurs et la gestion de projets de technologie de l'information, Mme Hammond a dirigé des organisations à travers des changements importants dans les modèles commerciaux et de formation et l'innovation technologique. Elle est douée pour combler les écarts de langage et de compréhension entre le personnel technique et non technique et a servi de liaison entre les cadres supérieurs, les cadres supérieurs, les programmeurs et le personnel de bureau. Avant de fonder Project 216, Sharon a été gestionnaire de la formation pour plusieurs organisations, élaborant des programmes complets de formation corporative pour le ministère des Finances et du Revenu du District de Columbia et mettant en œuvre d'importants projets éducatifs d'envergure nationale dans le cadre d'un contrat avec le ministère de la Justice des États-Unis.

  • Pulse Community Care
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Sympora Technologies
  • -
  • -
  • -
  • -
  • -
  • The Fabric Consultant
  • -
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Brenda Mitchell, MD Health Care and Social Assistance - - Full Service Oct 2012
Arts, Entertainment, and Recreation - - - -
Fm Talent Source Llc Administrative and Support Services - - - -
Professional, Scientific, and Technical Services - - - -
Grand Design Studio Inc Professional, Scientific, and Technical Services - - - -
New Era Watch & Jewelry Repair Services - - - -
Public Administration - - - -
Pulse Community Care Health Care and Social Assistance - - - -
Sympora Technologies - - - - -
The Fabric Consultant - - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 745-4,145 SF
  • Office/Medical
  • Full Build-Out
  • Now

Renseignez-vous sur les tarifs et les incitatifs offerts par le propriétaire.

  • 3rd Floor
  • 612-6,220 SF
  • Office
  • Full Build-Out
  • 30 Days

Disponibilité d'un étage complet. Suites privées et semi-privées, dix postes de travail et accès partagé à la salle de conférence. Renseignez-vous sur les tarifs et les incitatifs offerts par le propriétaire.

Space Size Space Use Condition Available
2nd Floor 745-4,145 SF Office/Medical Full Build-Out Now
3rd Floor 612-6,220 SF Office Full Build-Out 30 Days

2nd Floor

Size
745-4,145 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

3rd Floor

Size
612-6,220 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size 745-4,145 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Renseignez-vous sur les tarifs et les incitatifs offerts par le propriétaire.

3rd Floor

Size 612-6,220 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Disponibilité d'un étage complet. Suites privées et semi-privées, dix postes de travail et accès partagé à la salle de conférence. Renseignez-vous sur les tarifs et les incitatifs offerts par le propriétaire.

Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
13-01046942
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,798,054 CAD
  • Listing ID: 39215135

  • Date on Market: 2026-01-26

  • Last Updated:

  • Address: 912 Thayer Ave, Silver Spring, MD 20910

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