Overview
Cushman & Wakefield is pleased to offer for sale Twinbrook Metro Plaza (the "Property"), a 172,845 SF, 42% leased value-add office in the heart of Rockville Pike, one of Montgomery County's most vibrant retial corridors. Situated along Rockville Pike and one block from the Twinbrook Metro Station (Red Line), the property offers convienent vehicular and rail access to Bethesda and Washington, DC.
The property's current floorplates and exisitng garage provide and investor with multifamily optionality via conversion or redevelopment. Montgomery County's redevelopment tax incentives and exceptional demographics make Twinbrook Metro Plaza an ideal opportunity for an investor to pursue an alternative business plan.
Investment Highlights
BASIS RESET ALLOWING FOR EXECUTION OF VALUE-ADD BUSINESS PLAN: Existing town hall and spec suites on the 4th and 5th floors require minimal capital for re-leasing, allowing for an attractive all-in stabilized basis for the project.
IMPROVING SUPPLY-DEMAND OFFICE FUNDAMENTALS: 17% (over 3.5 million SF) of the office inventory in North Bethesda to North Rockville has been demolished since 2022 or scheduled to be replaced with alternative uses in the next few years.
EXISTING ECONOMIC INCENTIVES AND FLEXIBLE FLOORPLATE FOR MULTIFAMILY OPTIONALITY: Recent legislation enables an expedited permitting process for office-to-residential in Montgomery County (City of Rockville currently working on adopting legislation) and provides a 20-year real estate tax abatement. The property's existing floorplates offer conversion flexibility, while further residential optionality exists via redevelopment above the existing garage.
ACCESS TO DIVERSE RETAIL JUST STEPS FROM THE PROPERTY: Within a mile, tenants have access to over 1.4 million square feet of retail across nearby Congressional Plaza, Federal Plaza, Pike Center, Montrose Crossing, and Pike & Rose. Additionally, just 0.4 miles from the property, tenants benefit from a brand-new Wegmans that opened in 2025.
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