One Preserve Parkway — Sale in Rockville, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Rockville, MD 20852
  • Size: 194,474 SF
  • Year built: 2008

Photos

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase One Preserve Parkway (“One Preserve” or “the Property”), a 194,474 SF vacant Class A office/life science building situated in the heart of the Rockville submarket. The Property, built in 2008 and fully renovated in 2020 and 2024, offers best-in-class amenities including an amenity and co-working lounge, fitness center and locker rooms, exterior patios, and extensive back-of-house upgrades. One Preserve’s location just off I-270 provides outstanding accessibility to the north and south alike, with downtown Washington, DC accessible in 30 minutes. Surrounded by over 375 residential units and amenities such as Harris Teeter, Walgreens, and dozens of restaurants within a 5-minute drive, the Property sits on 10.4 acres of PD-TO zoned land in an outstanding residential location. One Preserve represents a compelling value-add opportunity with business plan optionality to leverage an outstanding physical asset for a lease-up play or take advantage of a fantastic location for residential redevelopment.

Market Context

This office in Rockville, MD is listed for sale across 194,474 SF. The building dates to 2008. Compare it against other office listings for sale in Rockville, MD — view the full market.

As of Q1 2026, the Washington D.C. office market showed a 21.2% vacancy rate, and average asking rents near $60.00/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Washington D.C. office market tightening or softening?
Vacancy is around 21.2% (Q1 2026).

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