X-Energy Secures 120,000-Square-Foot Office Lease At Waterfront In Gaithersburg MD From Prime US REIT
9801 Washingtonian Boulevard
Building Size
120,000 SF
Asset Type
Office
Closing
Aug 1, 2025
AI
The property asset involved in this transaction is an office space located at 9801 Washingtonian Boulevard in Gaithersburg, MD. It comprises a total square footage of 120,000 and is part of The Washingtonian Center retail complex. The building has been renovated and is LEED-certified, previously occupied by Sodexo before this lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Undisclosed
- Lease Date: 08/01/2025
- Landlord: Prime US REIT
- Tenant: X-Energy
- Brokers: Brian McCarthy, Tim Connolly & Niel Beggy - CBRE
This lease agreement secures X-Energy occupying the top five floors of the building. The brokers involved in this transaction were from CBRE, indicating their role in facilitating the lease for both the landlord and tenant.
Players
Gaithersburg Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93