12069 Tech Rd Silver Spring, MD 20904
For Lease
Property summary
This exceptional 5,168 square foot flex space, located at 12069 Tech Rd, Silver Spring, MD 20904, presents a unique owner-user opportunity. The property, part of the Montgomery Industrial Park Condominiums, is a Class C building constructed in 1988 and extensively renovated in 2020. Boasting 20-foot ceilings and a roll-up door, the ground floor features a reception area with a coffee bar and refrigerator, a large office, three smaller offices, a conference area, a kitchen, and a warehouse area. Two bathrooms are conveniently located on this level. Upstairs, approximately 1056 square feet of finished space includes three offices, a reception area, and a large conference area, along with another bathroom. The property includes a 1,200 square foot main mezzanine plus an additional 256 square feet of supplemental mezzanine space, offering ample storage. Recent upgrades include a new HVAC system (Trane, installed 5/27/2020, with warranties), new luxury vinyl plank flooring, fresh paint, updated kitchen and bathroom fixtures, new windows, LED lighting, and a new water heater. The property is professionally decorated and features a smart control thermostat, two electrical panels, and a network hard-wired for offices. There is one loading dock. The permitted zoning is Light Industrial. The asking price is $1,200,000 ($232.20/sq ft). Occupancy is available September 30, 2024. While there is no currently dedicated parking, the building's Board of Directors has authorized approval of a parking policy, and ample parking is available within the complex. This property offers a blend of modern amenities and functional space, ideal for a variety of businesses.
Property profile
VerifiedCap rate & NOI
Current use
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Art Gallery
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Tax Preparation
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Accounting Firm
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Law Firm
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Corporate Office
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the Silver Spring market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I1 · Silver Spring, MDZoning
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Zoning designation
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