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Patient First Primary and Urgent Care 21044 Frederick Rd 7,562 SF Office Building Germantown, MD 20876 $5,523,810 ($730.47/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Ultra Rare Montgomery County MD Real Estate in Largest City in the County
- Premier Medical Tenant in the Mid-Atlantic Region
- Pad Site to Top-Ranked Milestone Center
- Prime Location with Frontage on 355 at one of the Entrances to the Milestone Center
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Patient First Primary and Urgent Care located at 21044 Frederick Road, Germantown, Maryland 20876. The site consists of roughly 7562 rentable square feet of building space on an estimated 1.39-acre parcel of land. This Patient First Primary and Urgent Care is subject to a 15-year Triple Net (NNN) lease, which commenced 6/16/2019. The current annual rent is $290,000 and has scheduled increases of 10.00% Every 5 Years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
7,562 SF
Building Class
B
Year Built
1997
Price
$5,523,810
Price Per SF
$730.47
Cap Rate
5.25%
NOI
$290,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,562 SF
Building FAR
0.12
Lot Size
1.39 AC
Zoning
CRT2.
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 02-03148118 | Improvements Assessment | $1,784,400 |
| Land Assessment | $1,089,800 | Total Assessment | $2,874,200 |
PROPERTY TAXES
Parcel Number
02-03148118
Land Assessment
$1,089,800
Improvements Assessment
$1,784,400
Total Assessment
$2,874,200
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Patient First Primary and Urgent Care | 21044 Frederick Rd
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