Executive Summary
Berkadia is pleased to present the sale of Axiom at Cabin Branch, a 272-unit LEED Silver, Class A community built in 2020. Axiom at Cabin Branch (the “Property”) is located in Clarksburg, Maryland along the I-270 Biotech Corridor, one of the nation’s leading hubs for biotechnology and pharmaceuticals making it one of the strongest employment markets in the DC Metro area. Axiom at Cabin Branch offers curated luxury amenities with a resort-style pool, expansive fitness center, a premium clubroom and gameroom. The Property is strategically situated adjacent to the Clarksburg Premium Outlets consisting of 96 national upscale retailers including J. Crew, Tory Burch, and Brooks Brothers across 400,000 SF of shopping and restaurants. Conveniently located in Montgomery County’s exploding employment market, the Property is exposed to a vast pool of high-level STEM talent, most notably within the Shady Grove Life Sciences Center, home to over 200 innovative companies and over 45,000 employees. Additionally, the Property benefits from National Cancer Institutes, KITE Pharma, National Lab for Cancer Research, National Biodefense Center, Leidos, AstraZeneca, and US Army Fort Detrick all within a 20-minute drive.
Axiom at Cabin Branch boasts oversized units (1,072 Avg. Sf.) and a complementary unit mix featuring 60% 2-Bedroom, 2-Bedroom Den, or 3-Bedroom units. Embedded in the Cabin Branch Community, the Property is surrounded by a 93,000 Agricultural Reserve, insulating the Property from any future multifamily development which currently has 0 units expected to deliver in the next 3 years.The Property is walking distance from the newly built Cabin Branch Elementary School, which touts an A rating from Niche.The Cabin Branch community’s lush surrounding amenities include two public parks, multiple playgrounds, an activity/ community center, and walking/biking trails.
Axiom at Cabin Branch offers the opportunity to acquire a luxury asset below replacement cost in a submarket with outsized future rent growth prospects, strong occupancy, and one of the fastest growing employment corridors in the Mid-Atlantic region.
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.
4445 Willard Ave | Suite 1200 | Chevy Chase, MD 20815
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
Senior Director
301.580.6486
bill.gribbin@berkadia.com
INVESTMENT SALES
DC METRO
4445 Willard Ave.
Suite 1200
Chevy Chase, MD 20815
CONTACT US
Investment Highlights
The Clarksburg/Germantown submarket outlook anticipates continued resiliency and growth with a projected 4.38% year-over-year average rent growth (24.8% aggregate) and 96.1% average occupancy through 2029.
4-Minute Drive
I-270 on ramp
272
units
2020
year built
$145,000
median hh income
Fully-loaded
game room
Resort-style
pool
Spacious clubhouse
Children's playroom
Two grilling statinos and
outdoor dining areas
Firepit and leisure area
Dog Run
Natural premium vinyl flooring with plush carpeted bedrooms
Luxury wood panel with smokey gray finish
Quartz countertops
Tile backsplash
Stainless steel appliances
Spacious and practical floorplans
Washer/Dryer
thoughtful unit
interiors
Amenities
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The Asset
Amenities
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The Asset
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22551 Cabin Branch Ave., Clarksburg, MD 20871
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.
4445 Willard Ave | Suite 1200 | Chevy Chase, MD 20815
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
Senior Director
301.580.6486
bill.gribbin@berkadia.com
INVESTMENT SALES
DC METRO
4445 Willard Ave.
Suite 1200
Chevy Chase, MD 20815
CONTACT US
curated community
Amenities
strong
Submarket
fundamentals
0
units planned or under construction
The I-270 Corridor is the nation’s fourth-largest Biotech market in the country with 21.8M SF of office/flex/ lab space and future development of up to 31M SF of additional space.
EMBEDDED IN MARYLAND’S FASTEST GROWING EMPLOYMENT MARKET
1-mile radius Median Household Income is $150,000+, 74% of Households earning more than $100,000, and 79% of workers are White-Collar.
Exceptional
Renter
Demographics
The Property is LEED Silver certified by the USGBC and boasts oversized units (1,072 Avg. SF | 60% 2BR+ floorplans), luxury finishes, thoughtful amenities, walkable schools, neighboring retail, and access to outdoor recreation.
LEED SILVER CERTIFIED WITH DESIRABLE FINISHES & AMENITIES
The Property has achieved 11.2% in-place rent growth over the last 18 months and continued this strong trend throughout the last 12 months with 6.1% increase in renewals and a 6.6% increase in new leases.
outstanding PROPERTY PERFORMANCE
Residents are afforded direct access to all DC, Maryland, and Virginia employment hubs via I-270 connections to MD-200 and I-495 Capital Beltway (Bethesda/NW DC/Tysons, 25-minute drive).
DIRECT ACCESS TO ALL DC METRO EMPLOYMENT HUBS
Axiom at Cabin Branch is being offered below replacement cost in a submarket with 0 units expected to deliver within the next 3 years in a 5-mile radius.
BELOW REPLACEMENT COST IN A SUBMARKET WITH NO FUTURE DEVELOPMENT
Property rents introduce possibility for advantageous agency financing initiatives as 80% of the units are below 80% AMI and 25% are below 60% AMI.
Mission-Eligible
Financing
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