13-15 Deer Park Drive
Deer Park’s three-building campus presents a rare and compelling owner operator location,
Marketing description
Well-located, value-driven office campus in Gaithersburg offering flexible suite sizes, competitive rents, and immediate availability for a wide range of users. Ideal for professional tenants seeking efficient, functional space with convenient access, ample parking, and a strong suburban business environment.
Deer Park's three-building campus presents a rare and compelling owner operator location or a unique development opportunity. RB zoning offers a unique range of permitted uses. Specifically this zoning allows for a maximum building footprint of 29,745 square feet (50% of the site).
The property is currently approximately 67% leased and is projected to reach 80% occupancy within the next 60 days. This asset offers strong appeal to income-focused investors seeking a buy-and-hold opportunity or a stable cash-flow investment.
The campus enjoys excellent proximity to the MARC train station, Olde Town Gaithersburg, the Shady Grove Metro, the ICC, and the I-270 corridor. It also benefits from prominent marketing exposure along North Frederick Avenue, with high traffic volumes and exceptional curb visibility.
Investment highlights
- The One Central Development by Beazer Homes next door is offering 71 new town homes in a park like setting at a market leading price point.
- Both Shady Grove Plaza and Walnut Hills Shopping Centers have been renovated and attracted new Anchors and tenants.
- The City continues it investment in Bohr Park.
- The mixed-use redevelopment of the 100-acre Lake Forest Mall property will bring Employment, Retail and Entertainment to the area.
- Strategic Location one mile North of I-370 and the Intercounty Connector and 1-270 and just South of Oldtown Gaithersburg.
- Zoning: Residential Buffer (RB) allowing a redevelopment density of 40,000 FAR. depending on program
- Eligible Uses include - Multi-Family Residential, Assisted Living, Religious, Office, Medical, Townhouse, Daycare, Retail and more.
- Traffic Counts - Frederick Road (State Rt 355) 36,030 VPD and E Deer Park 4,000 VPD.
- Prime Redevelopment Site and covered investment play.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
