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9801 Washingtonian Boulevard

X-Energy Secures 120,000-Square-Foot Office Lease At Waterfront In Gaithersburg MD From Prime US REIT
LEASEDOffice

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:

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

Brian McCarthy

CBRE

Broker

1 deal

Broker
CBRE
CBREBrokerage
Prime US REIT
Prime US REITLandlord

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