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34540705
34540711

4 Meem Avenue, Gaithersburg, MD 20877 For Sale

BW
MD MD 649631
Greysteel Company LLC Washington, D.C.
DC
MD 5017694
Greysteel Company LLC Washington, D.C.
ZB
MD 5001223
Greysteel Company LLC Washington, D.C.
Listed by Greysteel Company LLC Washington, D.C.
$7,150,000
1 day on market
Updated 1 day ago
Opportunity zone

4 Meem Avenue

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 36,333
Net Rentable (SqFt) 36,333
Tenancy Single
Price per SqFt $197
Year Built 1947
Buildings 4
Acreage 1.850
Zoning I-1/RB
Investment Type Owner/User
Ground Lease No
Loading Docks 3

Industrial - 30K+ SF on 1.8 Acres of Land

Investment highlights

Prime I-270 Corridor Location: Positioned in the heart of Gaithersburg, 4-9 Meem Avenue offers strong regional connectivity, just minutes from I-270 and MD-355 and a short drive to Washington, D.C. The site is rail-adjacent and sits inside the I-270 Biotech Corridor near major employers including NIH, AstraZeneca, and Westat, giving a user deep access to the region's labor force and last-mile customer base.

Versatile, Functional Building Stack: Spread across four buildings, the property offers a flexible mix of office, warehouse, and shop space with usable ceiling heights and multiple drive-in doors. The layout works for a single occupant or can be split across multiple tenants, creating real operational versatility for industrial, service, or flex users.

Built-In IOS Value-Add Play: A portion of the yard is currently taken up by an overhead outdoor crane. Removing it opens that area for industrial outdoor storage, a high-demand, low-overhead use with very little competing supply in the submarket. This conversion is the basis for the pro forma upside and gives a buyer a clear, executable path to grow income without major capital or new construction.

Owner-User or Investor Flexibility: The current owner will lease back the property short-term as it relocates, delivering interim income and a clean runway to plan. After the leaseback, an owner-user can take occupancy and control its own real estate, or an investor can lease the space and capture the IOS upside, so the deal works for two very different buyer pools.

Scarce Infill Industrial: Gaithersburg is a supply-constrained industrial submarket where new product is nearly impossible to build. That scarcity, paired with a strong basis relative to recent area sales, supports durable long-term value and protects the downside.

Listing Contacts

BW
MD MD 649631
Greysteel Company LLC Washington, D.C.
DC
MD 5017694
Greysteel Company LLC Washington, D.C.
ZB
MD 5001223
Greysteel Company LLC Washington, D.C.
Listed by Greysteel Company LLC Washington, D.C.

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Additional Information

Name
Benjamin Wilson
License
MD 649631
Brokerage
Greysteel
Brokerage Phone
2024994077
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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