Buchanan Partners Acquires Five Office Buildings In Rockville Maryland For $47 Million
2611 Research Boulevard
$47,000,000
$77/SF
Building Size
608,000 SF
Asset Type
Office
Closing
Apr 28, 2025
About this deal
AI
Buchanan Partners acquired five aging office buildings totaling 608,000 square feet located at 2611 Research Boulevard in Rockville, MD for a transaction amount of $47 million, equating to a price per square foot of $77.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $47,000,000
- Address: 2611 Research Boulevard
- Market: Rockville, MD
- Square Footage: 608,000
- Price Per Square Foot: $77
- Buyer: Buchanan Partners
The transaction involved Buchanan Partners, who secured the acquisition of the properties within Montgomery County’s life sciences corridor, further expanding their real estate portfolio in this strategic market.
On the Map
$47,000,000
$77/SF
Office
View full map
Players
Rockville Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Rockville office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93