Peterson Companies Acquires 103,360 Square Foot Office Building In Gaithersburg For $11.07M
9841 Washingtonian Boulevard
$11,075,000
$107/SF
Building Size
103,360 SF
Asset Type
Office
Closing
Aug 25, 2026
About this deal
AI
9841 Washingtonian Boulevard is a Class A office building located in Gaithersburg, MD, featuring a total area of 103,360 square feet. The property was sold for $11,075,000, translating to a price per square foot of $107.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,075,000
- Address: 9841 Washingtonian Boulevard
- Market: Gaithersburg, MD
- Square Footage: 103,360
- Price per Square Foot: $107
- Buyer: Peterson Companies
- Seller: TBC-Washingtonian LLC
- Broker Representatives: Eric Pinkett & Owen Wellschlager - Hyatt Commercial
- Sale Date: 08/25/2026
The transaction involved Peterson Companies acquiring the property from TBC-Washingtonian LLC. The deal was facilitated by brokers Eric Pinkett and Owen Wellschlager from Hyatt Commercial, and it expanded Peterson's regional office portfolio to over 4 million square feet following a competitive bidding process.
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93