The Bank of America building has just hit the market for sale at 10000 Falls Road in Potomac. Built in 1973, the 3-story, 27408-square-foot building is anchored by a Bank of America flagship branch that has been there since 1993. It is now 100%-leased, but also represents a tremendous future redevelopment opportunity for a buyer in position to hold onto the property long-term. Imagine what could be charged for multi-family residential housing at this Potomac location at that later date, as the final remaining restraints on density and growth continue to be removed by the Montgomery County Planning Boad and County Council.
Ten Thousand Falls Road, LLC, which owns the building, has retained Avison Young U.S. Capital Markets Group to advise it and market the property. Tenants range from retail to healthcare, and there are 86 parking spaces. The asking price for the building has not been publicly listed.
10000 Falls Road sits at the busy intersection of Falls Road and River Road. More than 19,000 vehicles pass the property each day, and the commercial area is patronized by the wealthiest residents of Montgomery County in Potomac.
Photo courtesy Avison Young
1 comment:
Potomac is the Wealthiest Suburb in Maryland.
So, Business Transactions should be No Problem I would think !
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