202-602-1733
10000 Falls Rd, Potomac, MD for Sale
Office - FOR SALE
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10000 Falls Rd
Potomac, MD 20854


HIGHLIGHTS

  • HIGHLY COMMITTED, CREDIT GRADE ANCHOR:26% of the Property is leased by Bank of America, which has been in tenancy since 1993.
  • CONSISTENTLY OUTPERFORMS THE MARKET: The Property has maintained an occupancy rate of no less than 94% since 2019.
  • MONTGOMERY COUNTY’S MOST COVETED INTERSECTION: The Property boasts prime frontage on Falls & River Road, with over 19,000 vehicles passing daily.
  • IMPRESSIVE NET EFFECTIVE RENTS: All 4 leases executed in 2024 came with a base rent in the mid $40's PSF with an average TI spend of $5 PSF.

OVERVIEW

Avison Young’s U.S. Capital Markets Group, who has been retained as the exclusive advisor to the Owner, is pleased to offer for sale The Bank of America Building (The “Property”), a 100% leased mixed-use asset in the heart of Potomac Village. Located at 10000 Falls Road, the Bank of America Building is a 27,408 square foot mixed-use asset anchored by Bank of America’s flagship branch, serving the highly affluent community of Potomac, Maryland. The Property’s rent roll is headlined by Bank of America (Fitch: AA), the second largest U.S. Bank by Assets, in addition to a diverse mix of tenants from legal, real estate services, financial services, and healthcare industries. New ownership will secure prime real estate with a bullseye location within one of the most sought-after zip codes (20854) in the country, bolstered by a micro market which is poised to meet sustained commercial demand derived from some of the strongest demographics in the entire United States.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bank of America Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

NR0.7

APN/PARCEL ID

10-00870516

ASK ABOUT THIS PROPERTY

Joe FrenchAvison YoungMore Info
202-602-1733

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Joe FrenchAvison YoungMore Info
202-602-1733

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.