The Dax — Sale in Bethesda, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Bethesda, MD 20814

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Description

Marcus & Millichap is pleased to present The Dax, a newly constructed 110-unit multifamily community located at 4725 Cheltenham Drive in downtown Bethesda, Maryland. The property consists of 93 market-rate units and 17 Moderately Priced Dwelling Units, with a predominantly one-bedroom unit mix, and approximately 76,640 square feet of gross building area. The property will be delivered vacant with a Certificate of Occupancy, allowing an investor to acquire newly constructed multifamily product, without facing the significant risk of entitling the property or ground up development. Located only a seven-minute walk from the Bethesda Metro Station, The Dax combines new-construction quality, an efficient unit mix well suited to workforce housing, and convenient access to major employment, transit, and retail amenities in a high-barrier-to-entry submarket with no new supply breaking ground in the near to mid term future. Investment Highlights: • Fully completed building delivered with Certificate of Occupancy • Only active multifamily development in core Bethesda • Workforce housing in a critically undersupplied submarket • Brand-new construction at an affordable rent profile • Premier Bethesda submarket • Favorable policy environment for workforce housing • 7-minute walk to Bethesda Metro station • Proximity to major employment anchors

Market Context

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