Montgomery County · Commercial sale
Warehouse at 12288 Wilkins Ave in Rockville sells for $12.3 million
A warehouse at 12288 Wilkins Ave, Rockville sold for $12,300,000 on July 15, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $12,300,000
- Sold
- July 15, 2026
- Property type
- Warehouse
- Building area
- 64,369 sq ft
- Price per sq ft
- $191
- Year built
- 1984
A warehouse at 12288 Wilkins Ave in Rockville sold for $12,300,000 on July 15, 2026, according to the Maryland Department of Assessments and Taxation's property records. The sale price is 50% above the Assessor's recorded market value of $8,182,000.
Wilkins Crossing LLC sold the property, which spans 64,369 square feet of building area on a 2.87-acre lot. At that size, the price works out to $191 per square foot.
The warehouse, built in 1984, sold for triple the most recent earlier sale price on record of $4,053,304 in 2001.
What this sale costs to close
What does closing cost at this price? Under Montgomery County custom the seller's larger charges are $135,380 for the recordation tax (Montgomery County) and $61,500 for the county transfer tax (Montgomery County). The seller's estimated net is $11,948,128 before brokerage commissions and any loan payoff. A cash buyer would need about $12,680,757 at closing.
Source: Maryland Department of Assessments and Taxation, Real Property Assessments (Maryland Open Data), document 70724-0396. Property details: Montgomery County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
