In-Rel Properties Acquires 16-Story Office Building In Bethesda, MD For $29.85M

In-Rel Properties, represented by Dennis Udwin of In-Rel Properties, has acquired the 16-story office building located at 7500 Old Georgetown Road in Bethesda, Maryland. The property was purchased from Rockwood Capital and Stonebridge in a short sale transaction for a total of $29.85 million. The office building spans approximately 335,000 square feet, resulting in a price per square foot of $89.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,850,000
• Address: 7500 Old Georgetown Road, Bethesda, MD
• Market: Bethesda, MD
• Buyer: Dennis Udwin - In-Rel Properties
• Seller: Rockwood Capital & Stonebridge
• Square Footage: 335,000
• Price per Square Foot: $89

This acquisition marks In-Rel Properties' successful venture into the Bethesda market. Dennis Udwin, representing In-Rel Properties, played a crucial role in facilitating the transaction as the buyer's representative. The purchase of the office building at 7500 Old Georgetown Road in Bethesda, Maryland, solidifies In-Rel Properties' expanding presence in the commercial real estate sector.