Washington DC + Maryland + Industrial | July 28, 2023

Rockville Industrial Property Sold for $4M

A DC-based private investment company has acquired a 2.23-acre outdoor storage parcel in Rockville, Maryland, from a local family for $4 million. The name of the buyer and seller were not disclosed.

The seller has owned the property at 210-212 Mason Drive for over 40 years. KLNB’s Joe Friedman and Josh Norwitz facilitated the transaction for the seller and procured the buyer.

“Having the pulse on the supply and demand forces of this asset class, exponentially increasing rental rates and investor demands of outside storage assets was critical to driving a premium price for our client,” said Friedman.

Connect

Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

Order Reprints