Overview
Cushman & Wakefield’s Office Investment Advisory Group is pleased to present for sale, Silver Spring Metro Plaza, in Silver Spring, MD. The 712,787 SF Class A three‑building office complex is located in the heart of Silver Spring, MD directly adjacent to the Paul S. Sabranes Transit Center providing immediate access to the Washington, DC metro area via the MARC, Metro Red, and the soon to be delivered Metro Purple line. The asset is 65% leased with 5 years of WALT offering an attractive basis for an investor to capitalize on the metro‑centric location. The plethora of retail at the property will continue to drive tenant activity with notable national brands and local area standouts activating the courtyard and walkways between the three buildings.
Investment Highlights
VALUE-ADD PROFILE WITH IN-PLACE CREDIT TENANCY: At 65% leased with 5 years of WALT, Silver Spring Metro Plaza offers an investor a value add opportunity with in-place credit tenancy: Raytheon, Peraton, Discovery, and American Nurses Enterprises. These anchor tenants allow for an investor to focus on leasing up the balance of the space as these four tenants average 34,302 SF with nearly 7 years of WALT.
SIGNIFICANT CAPITAL INVESTMENT: Ownership has invested significant capital in SSMP with over $17.9 million over the past eight years completing a full floor of spec suites and townhall, restroom and corridor upgrades, lobby and lounge renovation, and garage improvements.
UNMATCHED TRANSIT ACCESS: As the name suggests, Silver Spring Metro Plaza is the best located asset in Silver Spring as it is
directly adjacent to the Metro Red and Purple lines, the MARC train, and easy access to I-495. Tenants will be able to draw employees from not just Silver Spring but Bethesda, Prince George’s County, DC and the greater Baltimore region.
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