6177 Executive Blvd, Rockville, MD 20852

$714,995 FOR SALE OWNER/USER OR INVESTOR

6177 Executive Blvd North Bethesda, MD 20852 (Both 6175 & 6177 Units)

Current Prime Leaseholder Medical Therapy Tenant has occupied this Unit since YR 2016 and current Lease runs through on 6/30/28.

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 6175 & 6177

Prospective Total Rent for Units 6175 & 6177 if 2.5 Additional Offices Rented = $5,689.40/mo. (See below for breakdown)

Unit 6175:

Approx 930 SF out of a Total of 1,871 SF

Current Lease Term 7/1/16-6/30/28. 3% increases annually 7/1. Tenant is willing to vacate early.

Current SubTenant Rent for Units 6175 & 6177 Units Combined = $3,879.40/mo ($1,679.40/mo + $2,200/mo)

Current Rent for Only 6175 is $1,679.40 (since Subtenants in 6175 pay Landlord directly) and this reduces rent of 6183 Tenant.

Prospective Rent Total for Unit 6175 = $3,489.40/mo if 2.5 additional offices leased

6175 Executive Info: Prime Leaseholder is using 2.5 of the 5 Offices and has Sublet 2.5 of the 5 Offices in this Unit to other Medical Professionals and is willing to vacate those 2 offices which could be used by New Owner/User or Rented out for additional rental income. Subtenants Subleases are as follows:

Therapist Current Rent $668.10/mo SubLease Term is 1/1/24-12/31/26

Therapist Current Rent $650.00/mo SubLease Term is 10/1/24-9/30/26

Therapist Current Rent $361.30/mo SubLease Term is (Use is Part-time) SubLease Term 1/1/24-12/31/24 but now month to month.

If 2.5 offices now used by 6183 Tenant on 6175 floor vacate (since they are not paying any additional rent for this space) you could get an estimated $1,810/mo extra rent ($800/mo +$650/mo+ $360/mo)

Potential Additional Office Therapist Rent $800.00/mo (Larger Office)

Potential Additional Office Therapist Rent $650.00/mo (Interior Office)

Potential Additional Office Therapist Rent $360.00/mo (Part-time Office)

Note: Current Tenant Total Rent 7/1/25 $10,129.41 plus any increases in Base Condo fees or Base Taxes (this is for Units 6183,6175 & 6177) but if Prime Tenant is released from Lease early due to Owner/User wanting to use a portion of the space then this calculation changes to SubTenant rent only.

Combined Units 6175 & 6177 Additional Info:

RE Taxes (7/1/24-6/30/25) $7,140.92 (Tenant pays $1,453.57 portion of this when billed)

Tenant Reimburses RE Taxes in excess of Base Yr Rate (For 2024 YR Tenant Reimb was $1,453.57)

Condo Fee $351.00/mo (Tenant pays $67 portion of this as 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 $804)

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

Tenant Responsible for Utilities/Water/Sewer/Electric are all billed with separate meter.

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

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:

Approx 941 SF out of a Total of 1,871 SF (6175 Executive and 6177 Executive Combined)

Current SubTenant Rent for Only 6177 Unit is $2,200.00/mo

SubTenant is a Remodeling Company. Rent is $2,100/mo. Lease renewed early and new term is 6/8/23-10/31/27

SubTenant is a Yoga Studio. Rent is $100/mo. Lease Term 6/1/23-10/31/28

6177 Features:

Prime Leaseholder is not using any of this Office Space. Sublet Tenants are a Real Estate Remodeling Company and a Yoga Studio. Sublease was just renewed early for an additional 2 years and now expires 10/31/27.

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 6177 (6175 & 6177) Unit in combination with Units and/or 6179, 6181 and 6183