Multi-Housing

The Point at Germantown Station

2 Observation Ct Germantown, Maryland United States 20876-6400
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1985
Building Area
Number of units 468

Property Description

468-unit multifamily community located at 19228 Circle Gate Drive in Germantown, Maryland. Conveniently located one mile from Interstate 270 (155,000 vehicles per day) and adjacent to Great Seneca Highway with tremendous frontage and visibility, The Point at Germantown Station offers seamless connectivity to Rockville, Bethesda, and Washington, D.C. to the south and Urbana and Frederick to the north.

The Property, delivered in 1985, is situated on a 40-acre suburban, campus-like outdoor environment and presents an extraordinary investment opportunity with reliable in place cash flow, strong historical occupancy, and significant value-add upside through in-unit renovations and two bedroom to three bedroom conversions.

Investment Highlights

  • Premier Montgomery County Address - Strong Demographics & Employment Hub
  • CARES Act Impact - Major I-270 Biotech Corridor Employers
  • Convenient Accessibility - 1 Mile from I-270 & Walkable to MARC
  • Very Limited Future Supply in the Submarket Creating Strong Demand To Supply Imbalance
  • Garden Style Walk-Up Product with Tremendous Value-Add Potential in a Growth Submarket of Montgomery County
Last Updated Date: 24 Feb 2021
Walter Coker
Walter Coker
Managing Director, Capital Markets
License details
DC-SP98361589 MD-524884 VA-0225092459
Brian Crivella
Brian Crivella
Managing Director, Capital Markets
License details
DC-SP98368957 MD-634831 VA-0225188521

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Last Updated Date: 24 Feb 2021

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