Property summary
The Laureate, a brand-new 2023 construction in Derwood, Maryland's vibrant Montgomery County, offers exceptional retail and office leasing opportunities. Four spaces are currently available, ranging from 1,534 square feet to 3,721 square feet, perfect for a variety of businesses. This prime location boasts unparalleled access to a substantial residential population, with over 1,458 multi-family units and 753 townhomes within close proximity. The development is strategically positioned near the bustling Shady Grove Metro Station, providing convenient access to a daily ridership of 12,609 WMATA commuters. Ample parking is available with 5,745 commuter spaces. Furthermore, the area is planned for significant future growth, including a proposed library, school, community center, and athletic field, ensuring long-term viability and increased foot traffic. The surrounding area also includes a substantial amount of future mixed-use space totaling 1,130,000 square feet. This property presents a unique chance to establish a thriving business in a rapidly developing and highly accessible location at 8005 Gramercy Blvd, Derwood, MD 20855. The total retail and office space available within the development exceeds 28,000 square feet.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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