Allegany

SILVER SPRING, Maryland

Property Overview:

  • Allegany is a single-story office building consisting of 55,193 square feet located in Silver Spring, Maryland
  • Excellent transportation access via Route 29, the Capital Beltway (I-495/I-95) and the InterCounty Connector (ICC-200)
  • Neighborhood amenities are close to Westech Village Center and Orchard Shopping Center

Acquisition Details

  • Acquired this property in a joint venture with Iron Point Partners as part of a 28-building portfolio in October 2019 for an allocated $4.4M

Execution

  • Executed key 15-year Lease with Montgomery College to house their East County Education Center
  • Sold in June 2024 for $17.1M – gain of $5.1M

Property Size: 55,193 SF

Details

Location


2221 Broadbirch Drive
Silver Spring, Maryland

About DSC Partners

DSC Partners LLC is a real estate investment and development company that creates value through acquisition and enhancement of commercial properties in dynamic markets.

Founded by long-time DC real estate veterans Douglas J. Donatelli and Nicholas R. Smith, the company’s integrated approach to real estate investment optimizes long-term, risk-adjusted returns.

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