21044 Frederick Rd - Medical FOR SALE


Germantown, MD 20876
$5,523,810 USD
703-783-6151
21044 Frederick Rd, Germantown, MD for Sale
$5,523,810 USD
Medical - FOR SALE
1/2
null | 5.25% Cap Rate

21044 Frederick Rd
Germantown, MD 20876


HIGHLIGHTS

  • Ultra Rare Montgomery County MD Real Estate in Largest City in the County
  • Pad Site to Top-Ranked Milestone Center
  • Premier Medical Tenant in the Mid-Atlantic Region
  • Prime Location with Frontage on 355 at one of the Entrances to the Milestone Center

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,523,810 USD

PRICE/SF

$730 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patient First Primary and Urgent Care

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

CRT2.

APN/PARCEL ID

02-03148118

ASK ABOUT THIS PROPERTY

David WeberSurmountMore Info
703-783-6151

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David WeberSurmountMore Info
703-783-6151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.