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1st Floor - Unit H
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Medical Office
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3,750 SF
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$2,200,000 USD
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Unit Size: 3,750 SF
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Condo Use: Medical Office
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Price: $2,200,000 USD
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Sale Type: Investment
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Price/SF: $586.67 USD
Description
Total Space Area: 3,750 SF
Year Renovated: 2016
Lease Expiration Date: June 30, 2026
July 1, 2021 NNN Income: $146,449
Rental Rate: $39.05 PSF
Asking price: $2.2M
Sale Notes
77 Thomas Johnson is well located in the heart of the medical community of Frederick within steps of the Frederick Memorial Hospital campus; and has been fully occupied by its current occupants, Simmonds/Advantia for the past approximately ten (10) years. Simmonds/Advantia is known as the preeminent OBGYN practice serving the Frederick community. With established affiliations throughout the suburban Maryland marketplace; Simmonds has recently invested significant capital in renovating and expanding the property and intends on continuing to serve its community for the long term from this primary location. Advantia has over five years remaining on its lease, and the Frederick location is currently the most active for the practice; with significant growth anticipated as the Frederick marketplace continues to thrive and prosper. The Thomas Johnson medical community located to the north of Frederick proper continues to be one of the most active medical markets in suburban Maryland. 77 Thomas Johnson has been fully improved and continues to serve the practice’s needs for the foreseeable future.
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Adam Schindler
Colliers
