EXECUTIVE SUMMARY
Berkadia is pleased to present the sale of Fenwick (the “Property”), a 311-unit luxury apartment community located in the heart of Downtown Silver Spring, just a 5-minute walk to the Silver Spring Metro Station (Red & incoming Purple line). The Red line provides residents with convenient access to all of DC metro’s major employment hubs and amenities, including a less than 20-minute ride to Downtown Washington, DC, home to over 165M SF of office space. Beginning in 2026, the station will gain additional critical mass as the incoming Purple line will provide more convenient access to the I-270 Tech Corridor (11.1M SF of office space), the Shady Grove Life Science Center, and the National Institute of Health. Fenwick’s convenient location also is a 15-minute drive to downtown Bethesda, which provides 6.2M SF of Class A office space and a growing job base in addition to being adjacent to the Capital Beltway (I-495). Silver Spring’s 7M SF of office space includes the Food and Drug Administration’s White Oak Campus and the Children’s National Health office consisting of more than 500 employees. Downtown Silver Spring also has its own vibrant amenity base of growing retail and entertainment options within walking distance of Fenwick, including Elsworth Drive, a premier pedestrian shopping district.
The LEED Gold Certified Property was developed by Insight Property Group and offers an ideal combination of a transit-oriented, “live-work-play” location, charming design, and top-of-the-line amenities. Fenwick community amenities include a pool with a wading lounge and cabanas, an expansive rooftop lounge with a living green wall, and a private library and business center. Units are modern and innovative, including keyless entry systems and stainless steel appliances that complement the stylish, contemporary custom finishes. Fenwick has been carefully curated for the discerning renter and appeals to a diverse array of residents.
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.
4445 Willard Ave | Suite 1200 | Chevy Chase, MD 20815
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8616 2ND AVENUE | SILVER SPRING, MD 20910
795 SF
AVERAGE/UNIT
311
UNITS
2014
built
The Opportunity
The Asset
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WALTER COKER
Senior Managing Director
703.282.8081
walter.coker@berkadia.com
BRIAN CRIVELLA
Senior Managing Director
301.580.6685
brian.crivella@berkadia.com
YALDA GHAMARIAN
Senior Director
240.462.2332
yalda.ghamarian@berkadia.com
BILL GRIBBIN
Director
301.580.6486
bill.gribbin@berkadia.com
INVESTMENT SALES
DC METRO
4445 Willard Ave.
Suite 1200
Chevy Chase, MD 20815
CONTACT US
Contact Us
DEAL HIGHLIGHTS
COMMUNITY AMENITIES
IN-HOME AMENITIES
AERIAL LOCATION
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
8616 2ND AVENUE | SILVER SPRING, MD 20910
BRIAN CRIVELLA
Senior Managing Director
301.580.6685
brian.crivella@berkadia.com
YALDA GHAMARIAN
Senior Director
240.462.2332
yalda.ghamarian@berkadia.com
PATRICK MCGLOHN
Senior Managing Director
301.941.4610
patrick.mcglohn@berkadia.com
BRIAN GOULD
Managing Director
301.941.4616
brian.gould@berkadia.com
INVESTMENT SALES
DC METRO
4445 Willard Ave.
Suite 1200
Chevy Chase, MD 20815
CONTACT US
AERIAL LOCATION
IN-HOME AMENITIES
COMMUNITY AMENITIES
DEAL HIGHLIGHTS
Berkadia is pleased to present the sale of Fenwick (the “Property”), a 311-unit luxury apartment community located in the heart of Downtown Silver Spring, just a 5-minute walk to the Silver Spring Metro Station (Red & incoming Purple line). The Red line provides residents with convenient access to all of DC metro’s major employment hubs and amenities, including a less than 20-minute ride to Downtown Washington, DC, home to over 165M square feet of office space. Beginning in 2026, the station will gain additional critical mass as the incoming Purple line will provide more convenient access to the I-270 Tech Corridor (11.1M square feet of office space), the Shady Grove Life Science Center, and the National Institute of Health. Fenwick’s convenient location also is a 15-minute drive to downtown Bethesda, which provides 6.2M square feet of Class A office space and a growing job base in addition to being adjacent to the Capital Beltway (I-495). Silver Spring’s 7M square feet of office space includes the Food and Drug Administration’s White Oak Campus and the Children’s National Health office consisting of more than 500 employees. Downtown Silver Spring also has its own vibrant amenity base of growing retail and entertainment options within walking distance of Fenwick, including Elsworth Drive, a premier pedestrian shopping district.
The LEED Gold Certified Property was developed by Insight Property Group and offers an ideal combination of a transit-oriented, “live-work-play” location, charming design, and top-of-the-line amenities. Fenwick community amenities include a pool with a wading lounge and cabanas, an expansive rooftop lounge with a living green wall, and a private library and business center. Units are modern and innovative, including keyless entry systems and stainless steel appliances that complement the stylish, contemporary custom finishes. Fenwick has been carefully curated for the discerning renter and appeals to a diverse array of residents. The Property presents an opportunity for a light value add package to help close the gap between average in-place rents and comparable properties in the Silver Spring submarket.
EXECUTIVE SUMMARY
Visit Doc Center
Contact Us
8616 2ND AVENUE | SILVER SPRING, MD 20910
795 SF
AVERAGE/UNIT
311
UNITS
2014
built
The Opportunity
The Asset
Photo Gallery
Contact
Doc Center
Privacy
Terms of Use
96%
Leased
BILL GRIBBIN
Senior Director
301.580.6486
bill.gribbin@berkadia.com
MORTGAGE BANKING
The Opportunity
The ASSET
Photo Gallery
Contact
Doc center
Privacy
Terms of Use
