NOTICE

Montgomery County, Maryland (“County”) and Gude Drive Properties, LLC (“Landlord”) intend to execute a lease (“Lease”) by which the County leases the property located at 861 Gude Drive, Rockville, Maryland. The Lease term will be thirty (30) years with three (3) additional ten-year options (which are subject to Fair Market Rent adjustments). The Lease shall commence on November 1, 2025. Rent shall commence 270 days after the Lease commencement. Base rent shall be $1,088,021 annually plus 2.5% annual escalation beginning on the first anniversary. The County will also pay taxes of $189,814 and insurance of $19,501 annually, adjusted for increases over time. The Lease shall be an absolute net lease, with the County responsible for all maintenance and operating expenses. The Landlord will have the one-time obligation to replace the roof prior to November 1, 2027. The Lease will be subject to annual appropriation. The Leased Premises is comprised of a 65,005 sq ft 2-story industrial building on approximately 6.81 acres. The County will accept the Leased Premises in “as is” condition and will convert the building to use as a School Bus Depot for maintenance and parking of a portion of the MCPS school bus fleet.

For additional information or to comment, please contact Montgomery County, Department of General Services, Office of Real Estate, 101 Monroe Street, 9th Floor, Rockville, MD 20850, Attn: Chief of Real Estate. You may also email DGS.ORE@montgomerycountymd.gov. or call 240-777-6089. Comments must be received no later than October 17, 2025.

September 24, 2025

October 1 & 8, 2025

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