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
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