Investment Overview

Marcus & Millichap is pleased to present The Dax, a newly constructed 110-unit multifamily community located at 4725 Cheltenham Drive in downtown Bethesda, Maryland. The property consists of 93 market-rate units and 17 Moderately Priced Dwelling Units, with a predominantly one-bedroom unit mix, and approximately 76,640 square feet of gross building area. The property will be delivered vacant with a Certificate of Occupancy, allowing an investor to acquire newly constructed multifamily product, without facing the significant risk of entitling the property or ground up development. Located only a seven-minute walk from the Bethesda Metro Station, The Dax combines new-construction quality, an efficient unit mix well suited to workforce housing, and convenient access to major employment, transit, and retail amenities in a high-barrier-to-entry submarket with no new supply breaking ground in the near to mid term future.