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77 Thomas Johnson Dr - Catoctin Office Center 3,750 SF Office/Medical Condo Unit Offered at $2,200,000 in Frederick, MD 21702
PROPERTY FACTS
| Total Building Size | 28,220 SF | Typical Floor Size | 24,834 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 8.80 AC |
| Building Class | B | Parking Ratio | 3.46/1,000 SF |
| Floors | 1 | ||
| Zoning | PB, City | ||
| Total Building Size | 28,220 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 24,834 SF |
| Year Built | 2005 |
| Lot Size | 8.80 AC |
| Parking Ratio | 3.46/1,000 SF |
| Zoning | PB, City |
1 UNIT AVAILABLE
Unit H
| Unit Size | 3,750 SF | Condo Use | Office/Medical |
| Price | $2,200,000 | Sale Type | Investment |
| Price Per SF | $586.67 |
| Unit Size | 3,750 SF |
| Price | $2,200,000 |
| Price Per SF | $586.67 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
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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77 Thomas Johnson Dr - Catoctin Office Center
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