Hines Acquires Medical Office Building In Rockville, MD For $25.7M

Hines has acquired a 72,000-square-foot medical-office building located at 9850 Key West Avenue in Rockville, MD. The property was purchased from Gittleson Zuppas Medical Realty for a total sale price of $25,700,000. The sale price equates to a price per square foot of $357.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $25,700,000
• Square Footage: 72,000
• Address: 9850 Key West Avenue, Rockville, MD
• Market: Rockville, MD

Christopher D. Hughes of Hines represented the buyer in this transaction, while David A. Gittleson of Gittleson Zuppas Medical Realty represented the seller.

It is worth noting that Hines' acquisition of the medical-office building at 9850 Key West Ave. in Rockville, MD, for $25.7 million marks a significant investment in the area.