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9841 Washingtonian Blvd
Gaithersburg, MD 20878
Lakefront at Washingtonian · Office Property For Sale


Investment Highlights
- 103,360 SF, five-story trophy office asset located in the highly sought-after Rio Lakefront
- Walkable mixed-use environment with 760,000+ SF of retail, dining, entertainment, and residential uses
- Strong in-place tenancy anchored by Launch Workplaces (45,281 SF; lease through 2033)
- Prime waterfront position within Maryland’s most-visited open-air shopping center (7.5M annual visitors)
- Assumable $13.81M non-recourse loan at 4.41% fixed through 2032
Executive Summary
Hyatt Commercial is pleased to present the exclusive offering of Lakefront at Washingtonian, a 103,360-square-foot, five-story trophy office asset prominently positioned within Rio Lakefront in Gaithersburg, Maryland. Widely regarded as one of the most desirable suburban office destinations in the Washington, D.C. region, the property offers a rare combination of institutional-quality tenancy, assumable below-market financing, and a premier walkable mixed-use environment.
Situated directly on the waterfront within Rio Lakefront — Maryland's most-visited open-air shopping center and a nationally recognized top-25 lifestyle destination — the asset benefits from immediate access to more than 760,000 square feet of high-end retail, dining, entertainment, hospitality, and residential uses. The destination attracts approximately 7.5 million visitors annually and serves a dense, affluent trade area with average household incomes exceeding $140,000 within a five-mile radius.
The offering includes a $13.81 million non-recourse assumable loan at a fixed 4.41% interest rate through 2032, providing a highly attractive in-place financing structure relative to current debt markets. Launch Workplaces anchors the property with 45,281 square feet under a long-term agreement through 2033, while approximately 22,850 square feet of vacancy and near-term rollover provide a defined value-add lease-up opportunity.
Situated directly on the waterfront within Rio Lakefront — Maryland's most-visited open-air shopping center and a nationally recognized top-25 lifestyle destination — the asset benefits from immediate access to more than 760,000 square feet of high-end retail, dining, entertainment, hospitality, and residential uses. The destination attracts approximately 7.5 million visitors annually and serves a dense, affluent trade area with average household incomes exceeding $140,000 within a five-mile radius.
The offering includes a $13.81 million non-recourse assumable loan at a fixed 4.41% interest rate through 2032, providing a highly attractive in-place financing structure relative to current debt markets. Launch Workplaces anchors the property with 45,281 square feet under a long-term agreement through 2033, while approximately 22,850 square feet of vacancy and near-term rollover provide a defined value-add lease-up opportunity.
Property Facts
Sale Type
Investment
Property Type
Building Size
103,360 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2006
Percent Leased
77%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
20,672 SF
Building FAR
1.40
Lot Size
1.70 AC
Zoning
MXD - Mixed use
Parking
290 Spaces (2.81 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Property Manager on Site
- Signage
- Waterfront
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 09-03405773 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $22,415,067 |
Property Taxes
Parcel Number
09-03405773
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$22,415,067
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