KLNB has arranged the sale of a commercial property at 831 Russell Avenue in Gaithersburg, Maryland, in a transaction valued at $3.35 million. The brokerage represented the seller, Finmarc Management, with KLNB Principals Ken Fellows and Rob Pugh working alongside Vice President Lucas Glaeser to complete the disposition.
The building totals 12,155 square feet and is described as a two-story commercial property. It is part of Gateway Center, a business environment located less than one mile from Interstate 270 in the Montgomery Village neighborhood of Montgomery County. The property is positioned within an established biotechnology hub that benefits from close proximity to federal research facilities and regulatory agencies, which supports a broader ecosystem of science, technology, and service-oriented businesses in the surrounding area.
The buyers, Don Vicini and Josh Vicini, acquired the asset with the intent to occupy the space. The building will be used by 21st Century Distributing, an electronics wholesale distributor. The company plans to use the facility to support its expanding operations, which focus on supplying audio and video equipment, smart home systems, and security products to professional installers. The purchase allows the distributor to consolidate operations into a dedicated facility that can accommodate its growth trajectory and service requirements.
Gateway Center’s location near Interstate 270 offers regional connectivity for users that serve a wide base of professional customers, including those in the technology and building trades. The proximity to key transportation routes and federal institutions provides operational advantages for companies that require efficient logistics and access to regulatory stakeholders.
KLNB’s team noted that its longstanding knowledge of Montgomery County was instrumental in matching the property with an appropriate owner-user buyer and executing a timely closing. By leveraging its network and understanding of local investor and occupier demand, the brokerage was able to align the seller’s objectives with the needs of an expanding electronics distributor, resulting in a transaction that satisfies both capital and operational priorities.
