1

CAPITAL MARKETS GROUP

EXCLUSIVE OFFERINGMETRO ORIENTED – WASHINGTON, D.C. REGION / MONTGOMERY COUNTY

OPPORTUNITY ZONE INVESTMENT OPPORTUNITY

1530E. Jefferson StreetR O C K V I L L E , M A R Y L A N D

CONFIDENTIAL OFFERING MEMORANDUM

1530 EAST JEFFERSON STREET, ROCKVILLE, MARYLAND

Immediate Development Opportunity at a Metro-oriented site in an amenity rich location in the heart of the Rockville Pike Corridor. 1530 East Jefferson Street is currently a 100% vacant office/laboratory building situated on .64 acres (27,843 SF). Zoned MXCT by the City of Rockville, the site is designated for higher density mixed-use development with a 75’ height limit and by-right uses including multi-family, live/work, and senior living. A preliminary study of the site for senior housing was performed by DVA Architects and yielded approximately 120,190 SF with a 18,880 SF first floor podium level and a six floors above at 16,885 SF.

Prime Opportunity Zone Investment - The site falls within one of the most desirable opportunity zone investment areas in Washington, DC Region and the United States. This opportunity zone designated area along Rockville Pike between the Twinbrook and Rockville Metro Stations is already established as one of the most affluent and educated population centers in the country with exponential growth potential. According to the City of Rockville’s Master Plan, this area of Rockville Pike will experience in excess of 300% increase in population growth over the next 20 years. The Plan further identifies the South Pike plan area, which includes 1530 East Jefferson Street, as having “the greatest potential to receive the bulk of the population growth within the corridor, as well as a significant portion of the City’s population growth, over the next few decades…and transforming from a commercial suburban development pattern into an urban center”.

Thriving, Dynamic Local and Regional Economy, Poised for Growth in All Sectors In 2018, the Washington, D.C. Metro marked the fourth consecutive year of 50,000-plus job gains and landed Amazon’s HQ2 which highlight the broader trend in the D.C area of private sector diversification with the technology sector driving job growth. In addition to the major presence of Federal Government agencies such as U.S. Nuclear Regulatory Commission, Health & Human Services, and National Institute for Allergy and Infection Diseases, the local economic engine in Rockville and Montgomery County employs nearly 20,000 biotech workers and is a national hub for bio technology and life sciences. The City of Rockville is within a few minutes drive or Metro ride of 18 federal agencies including NIH, FDA, and NIST and consistently rated as one of the most educated and desirable places to live and work the United States.

EXECUTIVE SUMMARY

ROCKVILLE MULTI-FAMILY MARKET SNAPSHOT

The Rockville submarket benefits from a large concentration of companies in the STEM industries - science, technology, engineering, and mathematics. Redevelopment efforts at Twinbrook, Rockville, and White Flint Metro Stations have transformed industrial areas into vibrant live/work/play centers that millennials and empty nesters alike.

MONTGOMERY COUNTY SENIOR LIVING MARKET SNAPSHOT Montgomery County’s need for senior housing is significant as the aging Baby Boom population broadens the county’s base of 55 and older. The county projects its older adult population to increase almost 40% from 281,383 to 390,883 by 2040, while the overall population is only projected to rise by 15% over the same period. As the demand for housing rises, developers expect Boomer’s will prioritize access to public transportation, amenities, and cultural entertainment. 1530 East Jefferson perfectly aligns with this trend as it is adjacent to Woodmont Country Club and Congressional Plaza, minutes to Twinbrook Metro, Music and Arts Center at Strathmore, Pike & Rose, and Downtown Washington, D.C.

9,741UNITS

2.20%YOY RENT GROWTH

1,271UNITS U/C

540UNITS U/C

300FACILITIES

88.60%OCCUPIED

8 | EDGE CAPITAL MARKETS GROUP • 1530 E. JEFFERSON STREET

I N V E S T M E N T H I G H L I G H T S

Tuckerman Ln

Seven Locks Rd

Baltimore Rd

Montrose Rd

Twin

broo

k Pk

wy

Norbeck Rd

Wootton Pkwy

E Je�erson St

Edson Ln

Hurley A

ve

N H

orners Ln

E Gude Dr

Montrose Pkwy

Montrose Rd

Old

Geo

rget

own

Rd

Randolph Rd

Veirs Mill RdMaryland Ave

W Montgomery Ave

Washington National Pike

Rockville Pike

WoodmontCountry Club

Cabin JohnRegional Park

270

270

355

187

586

TWINBROOKSTATION

WHITEFLINTSTATION

GARRETTPARK STATION

ROCKVILLESTATION

TWINBROOK QUARTER FUTURE MIXED-USE

DEVELOPMENT INCLUDING

MONTROSECROSSING

WHITE FLINTREDEVELOPMENT

TWINBROOK CENTER

FEDERALPLAZA

FEDERAL AGENCIES

1530E. Jefferson Street

CONGRESSIONAL PLAZA

U.S. Nuclear Regulatory Commission HQ

EDGE CAPITAL MARKETS GROUP • 1530 E. JEFFERSON STREET | 9

I N V E S T M E N T H I G H L I G H T S

ROCKVILLE PIKE

E. JEFFERSON STREET

CONGRESSIONAL LANE

WoodmontCountry Club

1530E Jefferson Street

Congressional Plaza

Congressional Towers Apartments

White Flint Mall Redevelopment

LCOR - Arrowwood Apartment Under Construction

1900 Chapman Avenue

White FlintMetro

TwinbrookMetro

Twinbrook Station - JBG & Avalon Bay Multi-Family Developments(6,000 Employees)

U.S. Nuclear Regulatory Commission HQ

Twinbrook Quarter Future Mixed-Use Development Including

Federal Plaza Shopping Center

Montrose Crossing Shopping Center

1530 E JEFFERSON STREET | ROCKVILLE, MARYLAND | 3

Conceptual development overlay provided by

10 | EDGE CAPITAL MARKETS GROUP • 1530 E. JEFFERSON STREET

I N V E S T M E N T H I G H L I G H T S

Artist Rendering Provided by DVA Architects

120,190 SF – Senior Housing Concept

EDGE CAPITAL MARKETS GROUP • 1530 E. JEFFERSON STREET | 11

I N V E S T M E N T H I G H L I G H T S

Architectural Drawing Floorplan

199'

172'

15'

10'5'

10'

5'8'

7'4'

152'

CONGRESSIONAL PLAZA

EAST JEFFERSON STREET

PLAZA OVERFIRST FLOOR

DROP OFF AREA

BLDG ENTRYGARAGE ENTRY

EXIS

TING

SUR

FAC

E LO

T

EXISTING 2STORY OFFICEBLDG

PUBL

IC U

SE S

PAC

E

PEDESTRIAN ZONE

AMENITY ZONE

150'

TAKING

1" = 20'

Drawing provided by

12 | EDGE CAPITAL MARKETS GROUP • 1530 E. JEFFERSON STREET

P R O P E R T Y O V E R V I E W