Bethesda Office Trades for $45M
The 12-story building is 96% leased to several tenants and has a six-level parking garage along with versatile floor plates.
BETHESDA, MD—Seattle-based Washington Capital Management has acquired the Fairmont Building here for $45.4 million. The seller of the 125,108-square-foot boutique office building was the Bainum Family Foundation, a locally-based private operating foundation.
JLL Capital Markets’ Jim Meisel, Andrew Weir, Matthew Nicholson and David Baker represented the tenant.
Located at 7735 Old Georgetown Rd, the Fairmont Building is less than four blocks from the Bethesda Metro Station and is a short walk from a future Bethesda Station with Purple Line access. The 12-story building is 96% leased to several tenants and has a six-level parking garage along with versatile floor plates.