Premier Acquires 90,000 Office/Flex Property in Montgomery County

FIve BUilding Flex Park, Burtonsville Commerce Center

Premier is pleased to announce that in January 2025 it closed on the acquisition of Burtonsville Commerce Center (BCC), a 90,000 sf, 5 building flex and office park with 35 tenants. Premier acquired BCC by way of a 1031 exchange from the successful sale of one of its Manassas flex buildings. The acquisition price was $10.1M, which equated to a 10% cap rate on the in-place income and the property was nearly 100% leased at the time of acquisition. Financing was provided by Shore United Bank. Premier’s management division will provide property management and and Donohoe will continue to handle the leasing.