MergerPlace

Executive Office Suites

Rockville, Maryland (Montgomery)


  • Asking Price: $1,200,000
  • Gross Income: $1,280,406
  • Cash Flow: $309,919
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $300,000
  • Listing ID: #206510
  • Established: 1993
  • Employees: 2FT/1MGR

Business Description

This thriving office suite business consists of 79 rental suites, 6 conference rooms, 2 full kitchens, reception area, admin office and 2 office centers with copiers, fax machines and all other necessary equipment. Business boasts over 50% of units are contracted service agreements and continuing to grow. A 1MM full renovation of the area was completed by the landlord at the end of 2015 and others were done since then as well. Management is in place, but owner benefit reflects buyer assuming this position. The 2018 year to date shows a remarkable increase in occupancy. This industry is increasing in size and sales are already at 2 billion annually. Lender Pre-Qualified! Please refer to listing #3353587137 and ask for Joseph Nicolini when inquiring. Thank You!


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Maryland
Metropolitan Area: Rockville
County: Montgomery

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2FT/1MGR

Financial Information

Asking Price: $1,200,000
Gross Revenue: $1,280,406
Cash Flow: $309,919
FF&E: $300,000
Seller Financing Available: No

Property Information

Facilities:

Lease/Month: 60000 Square Footage: 22820 Building Type: Office building Terms & Options: TBD Expiration Date: 1/31/2028

Reason for selling:

Other business interests

Support & Training:

Two weeks of training at no cost

Contact Business Seller

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Business Listed By:

Joseph Nicolini

Transworld Business Brokers of Central Florida