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Industrial Distribution Space Fronting I-270
For Lease
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750 Progress Way, Gaithersburg, MD 20879

Available warehouse space at a distribution site that directly fronts Interstate 270 near the Montgomery Village exit.

Space Size161,500 SF
Property Size395,308 SF
Lot Size44.00 Acres
Days on Market56

Property Features for 750 Progress Way

General Information

Standard status Active
Size 161,500 SF
Total Parking Spaces 618
Lot size 44.00 Acres
Property subtype Industrial

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 395,308 SF
Tenancy Multiple

Spaces For Lease

at 750 Progress Way Contact us

#750 Progress Way Building 1

Size
161,500 SF
Type
Industrial
Availability
Active
Contact us
Listing Agency: Matan-Germantown, MD
Listed By: James Matan · License #MD
Source: Crexi
Added: Jun 15 Changed: Aug 8 Last Checked: Aug 8 at 9:52AM

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 Matan-Germantown, MD

Investment Insights

Based on property information with market context.

750 Progress Way is part of a 44-acre industrial campus in Gaithersburg, Maryland with warehouse and distribution facilities available for lease. The property benefits from its established, single-campus configuration, with 700 Progress Way fully leased to AstraZeneca and 161,500 square feet still available at 750 Progress Way.

The campus directly fronts Interstate 270 at the Montgomery Village Avenue exit, providing straightforward access for regional logistics. It sits next door to a recently constructed 300,000-square-foot FedEx Ground facility and just south of the new Watkins Mill Interchange, placing the site in a growing transportation corridor.

This available space at 750 Progress Way is positioned for tenants that want direct interstate frontage and a nearby distribution environment. With AstraZeneca occupying the adjacent building and FedEx Ground as a neighboring operator, the campus offers an operating-focused setting for warehouse and distribution uses, supported by its location near key interchange improvements.

Key Highlights

  • 44‑acre distribution site directly fronts Interstate 270 at the Montgomery Village Avenue exit
  • 700 Progress Way is fully leased to AstraZeneca
  • 161,500 SF is still available for lease at 750 Progress Way

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Garden Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,923
Businesses Nearby
Balanced
Demand for This Use

Demographics for 20879, MD

26,176
Population
9,008
Households
2.9
Avg Household Size
37
Median Age
42%
College-Educated
87%
High-School Grad
8.6 sq mi
ZIP Area
3,044
Density / Sq Mi
$105,109
Median Household Income
$49,269
Median Earnings
$1,895
Median Rent
$433,500
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • Public Storage 19900 Goshen Rd, Gaithersburg, MD 20879

Frequently Asked Questions

What type of property is this?
Warehouse - Available warehouse space at a distribution site that directly fronts Interstate 270 near the Montgomery Village exit.
Where is this warehouse located?
The property is located at 750 Progress Way Gaithersburg, MD.
What are key features of this property?
This property features: 44‑acre distribution site directly fronts Interstate 270 at the Montgomery Village Avenue exit; 700 Progress Way is fully leased to AstraZeneca; 161,500 SF is still available for lease at 750 Progress Way
More about this property
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