10 Post Office Rd
Silver Spring, MD 20910
 The Castle Office Bldg ยท Office Property For Sale

View Photo

INVESTMENT HIGHLIGHTS

  • The property is ideally situated less than one mile from the Forest Glenn Transit Stop (Red Line), a 15 minute walk.
  • Located within a 30 mile radius between three major international airports; Ronald Reagan, Washington Dulles and Baltimore-Washington International.

PROPERTY FACTS

Property Type
Office
Building Size
12,090 SF
Building Class
B
Year Built
1870
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,030 SF
Building FAR
0.37
Lot Size
0.75 AC
Zoning
NR0.7
Parking
50 Spaces (3.39 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Metro/Subway
  • Air Conditioning

ABOUT 10 POST OFFICE RD , SILVER SPRING, MD 20910

Coldwell Banker Commercial NRT is pleased to announce the exclusive listing of "The Castle Office Building" located at 10 Post Office Rd, Silver Spring MD, 20910. This Class C office building is a rare opportunity to purchase a 92% occupied office building just minutes away from Washington, DC. The property is currently priced at $2.8 M at a 8.24% capitalization rate. With a value add opportunity with 1 of the remaining 8 spaces left for lease as well as interest rates temporarily declining, potential investors can see a 10%+ cash on cash return based on financing options. Property also includes a 5 year parking lot lease with neighboring restaurant adjacent to the property. For Offering Memorandum, Please Visit: https://buildout.com/website/thecastle

PROPERTY TAXES

Parcel Numbers 13-03377504, 13-03377492 Improvements Assessment $1,518,600
Land Assessment $1,058,200 Total Assessment $2,576,800

MAP

ADDITIONAL PHOTOS

View Photo Exterior Building Photo
View Photo Exterior Building Photo
View Photo Plat Map

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.