Medical Center Lease Rates on Request 46B Thomas Johnson Dr 20,000 SF Vacant Office Building Frederick, MD 21702 $3,950,000 ($197.50/SF) 7.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjacent to Route 15, visible by 11,000 Vehicle Per Day
- Demographics of 66,136 Population, $87,432 Median Household Income, and $212,274 Median Net Worth in 10 min drive time.
- $303,918 NOI in 2024
- Right across from John Hopkins Community Physicians Building
- In the 187 million dollar worth medical health care market
- Proforma NOI $498,000/year
EXECUTIVE SUMMARY
Strategically positioned adjacent to Route 15, with high visibility from 11,000 vehicles daily and surrounded by the prestigious John Hopkins Community Physicians, the Frederick Professional Medical Center boasts a prime location. Within a 10-minute drive, you'll find a population of 66,136 with a median household income of $87,432 and a median net worth of $212,274. Don't miss out on this lucrative opportunity in the $187 million medical healthcare market!
Operating expenses are shared 50-50 between Tenants.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Central Heating
- Monument Signage
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Maryland Oncology Hematology provides patients with increased access to integrated, evidence-based cancer care and clinical research throughout the communities of Maryland. Their dedicated physicians, nurses and staff will guide clients. Their state of the art infusion centers offer a full range of chemotherapy services, laboratory testing, clinical trials and support services, provided by people who have an unwavering commitment to achieving the best possible result.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Exciting Opportunity! The entire first floor is now available for rent and is ready for you to move in! Don’t miss out on this chance to make it your own! This free-standing, 2-story medical building is located in a heavily populated Frederick market, next to Route 15, strategically positioned in Frederick Medical Corridor. Maryland Oncology Hematology, with 15 other locations, occupies the first floor of this building. The property has 114 parking spots. The ground floor with 10,000 SF is available to lease. The unit was built as a medical office. Current zoning allows religious use, daycare, office use, indoor playground. It can be leased fully or demised into two units. Operating expenses are shared 50-50 between tenants. It could be fit for religious, daycare, health club, pharmacy, drug store uses.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 10,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 02-192691 | Total Assessment | $4,341,367 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
