Description
Auction on Crexi between October 7-10, 2024Introducing the Frederick Professional Medical Center located at 46B Thomas Johnson Frederick, MD 21702. This rare investment opportunity offers a free-standing, 2-story medical building in the heart of the bustling Frederick Medical Corridor. Currently, the first floor houses Maryland Oncology Hematology, an esteemed affiliate of the US Oncology Network, with 15 other locations. With 104 parking spots and a total lot size of 1.89 acres, this property presents a chance to secure a credit tenant for mortgage payments while enjoying a 10,000 SF vacant unit ideal for personalized use, originally built as a radiology center. 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! IMPORTANT: Do not disturb the tenant upstairs. All showings are done through the listing agent. Property is for lease and Sale. $16/SF + NNN, NNN portions is approximately $6.50/SF*Free-Standing 2-Story Medical Building with Brand New Roof*$303,918/year NOI in 2024 with 3% Escalation from current tenant*Proforma NOI $498,000/year*Across from John Hopkins Community Physicians Building*Adjacent to Route 15*Visible by 11,000 Vehicle Per Day*Located in Frederick Medical Corridor
Description
Auction on Crexi between October 7-10, 2024Introducing the Frederick Professional Medical Center located at 46B Thomas Johnson Frederick, MD 21702. This rare investment opportunity offers a free-standing, 2-story medical building in the heart of the bustling Frederick Medical Corridor. Currently, the first floor houses Maryland Oncology Hematology, an esteemed affiliate of the US Oncology Network, with 15 other locations. With 104 parking spots and a total lot size of 1.89 acres, this property presents a chance to secure a credit tenant for mortgage payments while enjoying a 10,000 SF vacant unit ideal for personalized use, originally built as a radiology center. 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! IMPORTANT: Do not disturb the tenant upstairs. All showings are done through the listing agent. Property is for lease and Sale. $16/SF + NNN, NNN portions is approximately $6.50/SF*Free-Standing 2-Story Medical Building with Brand New Roof*$303,918/year NOI in 2024 with 3% Escalation from current tenant*Proforma NOI $498,000/year*Across from John Hopkins Community Physicians Building*Adjacent to Route 15*Visible by 11,000 Vehicle Per Day*Located in Frederick Medical Corridor
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