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189 Kentlands Boulevard

Community Options Acquires Office Building At 189 Kentlands Boulevard In Gaithersburg For $5.95M
SOLDOffice

Community Options Acquires Office Building At 189 Kentlands Boulevard In Gaithersburg For $5.95M

189 Kentlands Boulevard

$5,950,000

$299/SF

Building Size

19,880 SF

Asset Type

Office

Closing

Jan 10, 2026

AI

The property asset involved in the transaction is an office building located at 189 Kentlands Boulevard in Gaithersburg, MD, encompassing 1.28 acres. The transaction took place on January 10, 2026, for a sale price of $5,950,000. The office building has a total square footage of 19,880 and a price per square foot of $299.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,950,000
  • Address: 189 Kentlands Boulevard
  • Market: Gaithersburg, MD
  • Acres: 1.28
  • Square Footage: 19,880
  • Price per Square Foot: $299
  • Buyer: Community Options
  • Seller: The Levine Family Limited Partnership
  • Broker Representatives: Kenneth Fellows & Matt Skalet - KLNB

The deal was brokered by KLNB Principals Kenneth Fellows and Matt Skalet, representing the seller, The Levine Family Limited Partnership. Community Options has acquired the property as an owner-occupant, facilitating its operational needs within the Gaithersburg market.

Players

Kenneth Fellows

KLNB

Broker

$116.4M

vol

8 deals

Broker

Gaithersburg Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93