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77 Thomas Johnson Dr - Catoctin Office Center 3,750 SF Office/Medical Condo Unit Offered at $1,125,000 in Frederick, MD 21702
Investment Highlights
- Located near public transportation.
Executive Summary
Property is located just seconds away from Rt. 15. This makes the property quite accessible for both commuters and nearby residents.m
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| 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: $1.125 Million
Year Renovated: 2016
Lease Expiration Date: June 30, 2026
July 1, 2021 NNN Income: $146,449
Rental Rate: $39.05 PSF
Asking price: $1.125 Million
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit H | 3,750 SF | Office/Medical | $1,125,000 ($300.00/SF) | - |
Unit H
| Unit Size |
| 3,750 SF |
| Condo Use |
| Office/Medical |
| Price |
| $1,125,000 ($300.00/SF) |
| NOI |
| - |
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Unit H
| Unit Size | 3,750 SF |
| Condo Use | Office/Medical |
| Price | $1,125,000 ($300.00/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Total Space Area: 3,750 SF<br> Year Renovated: 2016<br> Lease Expiration Date: June 30, 2026<br> July 1, 2021 NNN Income: $146,449<br> Rental Rate: $39.05 PSF<br> Asking price: $1.125 Million</li></ul> | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 |
Amenities
- 24 Hour Access
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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77 Thomas Johnson Dr - Catoctin Office Center
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