Ground-Leased Office
10707 Connecticut Ave Kensington, MD 20895
For Sale
Contact for pricing
Approximately 2,990 SF office property is subject to a ground lease with 7 years remaining.
Property Size2,990 SF
Lot Size0.71 Acres
Price / SF$1,337
Days on Market717
Property Features for 10707 Connecticut Ave
General Information
Standard status
Active
Size
2,990 SF
Lot size
0.71 Acres
Property subtype
OFFICE
Listing Agency:
NAI Michael
(240) 687-3747
Listed By:
Allen Cornell · License #24755
(240) 687-3747
Source:
Moodyscre
Added: Aug 13, 2024
Changed: Jul 26
Last Checked: Jul 29 at 1:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Michael
Investment Insights
Based on property information with market context.
This for-sale office property includes approximately 2,990 square feet of gross floor area on an approximately 30,795 square foot parcel. The sale is subject to an existing ground lease with Capital One Bank, with approximately 7 years remaining on the original lease term.
Lease renewals include two 10-year options and one additional five-year option. The property is zoned CRT (Commercial Residential Town - CR Town).
The offering is presented as a ground-leased interest, and the stated sale price is $4,000,000, subject to the terms of the ground lease.
Lease renewals include two 10-year options and one additional five-year option. The property is zoned CRT (Commercial Residential Town - CR Town).
The offering is presented as a ground-leased interest, and the stated sale price is $4,000,000, subject to the terms of the ground lease.
Key Highlights
- Approximately 2,990 SF office property
- Approximately 30,795 SF of land included
- Ground lease with Capital One Bank; 7 years remaining on original lease term
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Approximately 2,990 SF office property is subject to a ground lease with 7 years remaining.
Where is this office units located?
The property is located at 10707 Connecticut Ave Kensington, MD.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Approximately 2,990 SF office property; Approximately 30,795 SF of land included; Ground lease with Capital One Bank; 7 years remaining on original lease term
