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First Potomac Realty Trust purchases properties that produce a market-rate yield, calculated with an estimated capital improvement and leasing reserve and operated on a budget allowing for professional management. First Potomac also purchases properties requiring releasing to optimize value.
Geographic Area: Southern Mid-Atlantic: Maryland, Virginia, Washington, D.C.
Property Type: Business park, office and industrial assets of at least 50,000 square feet.
Brokers: First Potomac will try to protect, in any contract that it submits to the seller within six months of its receipt of an authorized submittal, the real estate broker who submitted the authorized package and who acts as the procuring cause for the completion of a purchase.
Submittal Information
Please submit all correspondence to:
Nicholas R. Smith
Chief Investment Officer
First Potomac Realty Trust
7600 Wisconsin Avenue, 11th Floor
Bethesda, Maryland 20814 |
Phone: (301) 986-9200
Fax: (301) 986-5554
Email: nsmith@first-potomac.com |
When submitting a package, please try to include:
Property Name/Address/Location Map
Zoning/PUD Status
Photos (Exterior, Interior, Neighbors)
Operating Statements (3 years)
Capital Improvement Needs
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Survey/Plat/Site Plan
Acreage/Parking Spaces
Market Rents & Concessions
Financing Details
Occupancy History
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Floor Plan
Year Built
Rent Roll
Asking Price
Tenant Profile
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