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Lakefront at Washingtonian 9841 Washingtonian Blvd 103,360 SF 77% Leased 4-Star Office Building Gaithersburg, MD 20878 For Sale
Investment Highlights
- 103,360 SF, five-story trophy office asset located in the highly sought-after Rio Lakefront
- Walkable mixed-use environment with 760,000+ SF of retail, dining, entertainment, and residential uses
- Strong in-place tenancy anchored by Launch Workplaces (45,281 SF; lease through 2033)
- Prime waterfront position within Maryland’s most-visited open-air shopping center (7.5M annual visitors)
- Assumable $13.81M non-recourse loan at 4.41% fixed through 2032
Executive Summary
Hyatt Commercial is pleased to present the exclusive offering of Lakefront at Washingtonian, a 103,360-square-foot, five-story trophy office asset prominently positioned within Rio Lakefront in Gaithersburg, Maryland. Widely regarded as one of the most desirable suburban office destinations in the Washington, D.C. region, the property offers a rare combination of institutional-quality tenancy, assumable below-market financing, and a premier walkable mixed-use environment.
Situated directly on the waterfront within Rio Lakefront — Maryland's most-visited open-air shopping center and a nationally recognized top-25 lifestyle destination — the asset benefits from immediate access to more than 760,000 square feet of high-end retail, dining, entertainment, hospitality, and residential uses. The destination attracts approximately 7.5 million visitors annually and serves a dense, affluent trade area with average household incomes exceeding $140,000 within a five-mile radius.
The offering includes a $13.81 million non-recourse assumable loan at a fixed 4.41% interest rate through 2032, providing a highly attractive in-place financing structure relative to current debt markets. Launch Workplaces anchors the property with 45,281 square feet under a long-term agreement through 2033, while approximately 22,850 square feet of vacancy and near-term rollover provide a defined value-add lease-up opportunity. Reach out for access to the deal room!
Situated directly on the waterfront within Rio Lakefront — Maryland's most-visited open-air shopping center and a nationally recognized top-25 lifestyle destination — the asset benefits from immediate access to more than 760,000 square feet of high-end retail, dining, entertainment, hospitality, and residential uses. The destination attracts approximately 7.5 million visitors annually and serves a dense, affluent trade area with average household incomes exceeding $140,000 within a five-mile radius.
The offering includes a $13.81 million non-recourse assumable loan at a fixed 4.41% interest rate through 2032, providing a highly attractive in-place financing structure relative to current debt markets. Launch Workplaces anchors the property with 45,281 square feet under a long-term agreement through 2033, while approximately 22,850 square feet of vacancy and near-term rollover provide a defined value-add lease-up opportunity. Reach out for access to the deal room!
Property Facts
Sale Type
Investment
Property Type
Building Size
103,360 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Percent Leased
77%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
20,672 SF
Building FAR
1.40
Lot Size
1.70 AC
Zoning
MXD - Mixed use
Parking
290 Spaces (2.81 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Property Manager on Site
- Signage
- Waterfront
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 3rd Fl-Ste 330
- 2,994 SF
- Office
- -
- Jul 2026
Can be combined with Suite 425 for a total of 19,856 SF. Great mix of executive offices and administrative offices all located in the amazing RIO retail district
A mix of large individual windowed offices and open work area. Can be combined with Suite 400 for a total of 19,856 SF.
| Space | Size | Space Use | Build-Out | Available |
| 3rd Fl-Ste 330 | 2,994 SF | Office | - | Jul 2026 |
| 4th Fl-Ste 400 | 14,888 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 425 | 4,968 SF | Office | Full Build-Out | Now |
3rd Fl-Ste 330
| Size |
| 2,994 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Jul 2026 |
4th Fl-Ste 400
| Size |
| 14,888 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 425
| Size |
| 4,968 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Fl-Ste 400
| Size | 14,888 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Can be combined with Suite 425 for a total of 19,856 SF. Great mix of executive offices and administrative offices all located in the amazing RIO retail district
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
4th Fl-Ste 425
| Size | 4,968 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
A mix of large individual windowed offices and open work area. Can be combined with Suite 400 for a total of 19,856 SF.
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 09-03405773 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $31,849,793 CAD |
Property Taxes
Parcel Number
09-03405773
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$31,849,793 CAD
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Lakefront at Washingtonian | 9841 Washingtonian Blvd
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