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97 Thomas Johnson Dr 2,100 SF Medical Condo Unit Offered at $525,000 in Frederick, MD 21702

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Investment Highlights

Easy access at grade on the 2nd level
Newly renovated medical offices
Corner unit with two sides of windows

Exterior building signage available
Located 2 miles from the Frederick Hospital
free surface parking

Executive Summary

Newly renovated corner medical office. The unit is accessible at grade on the 2nd level. The unit features 2 seperate entrances, 5 exam rooms and two offices with two restrooms, kitchenette and storage. Exterior building signage is permitted above the suite. Free surface parking serves the unit. The property is located 2 miles to the Frederick Health Hospital.

1 Unit Available

Unit 202-A
2,100 SF
Medical
$525,000 ($250.00/SF)
-

97 Thomas Johnson Dr, Frederick, MD 21702 - Unit 202-A - - Floor Plan - Image 1 of 1 — Floor Plan

Sale Type	Owner User	Sale Status	Under Contract

Sale Type	Owner User
Sale Status	Under Contract

Description

Newly renovated corner medical office. The unit is accessible at grade on the 2nd level. The unit features 2 seperate entrances, 5 exam rooms and 2 offices with two restrooms, kitchenette, reception area and lobby and storage. Exterior building signage is permitted above the suite. Free surface parking serves the unit. The property is located 2 miles to the Frederick Health Hospital.

Sale Notes

Local lender offering up yo 1005 financing for qualified medical uses. Assume 80/20 LTV with 20% down and financing $420,000 @ 6% interest and a 25 year amortization = $2,706 monthly ($15.46 sf) plus quarterly condo fees of $1,472.90 ($2.81 sf) and annual real estate taxes

Unit	Unit Size	Condo Use	Price	NOI
Unit 202-A	2,100 SF	Medical	$525,000 ($250.00/SF)	-

Unit Size

2,100 SF

Condo Use

Medical

Price

$525,000 ($250.00/SF)

NOI

1 of 1

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Map

Unit Size	2,100 SF
Condo Use	Medical
Price	$525,000 ($250.00/SF)
NOI	-
Sale Type	Owner User
Sale Status	Under Contract
Description
Newly renovated corner medical office. The unit is accessible at grade on the 2nd level. The unit features 2 seperate entrances, 5 exam rooms and 2 offices with two restrooms, kitchenette, reception area and lobby and storage. Exterior building signage is permitted above the suite. Free surface parking serves the unit. The property is located 2 miles to the Frederick Health Hospital.</li></ul>
Sale Notes
Local lender offering up yo 1005 financing for qualified medical uses. Assume 80/20 LTV with 20% down and financing $420,000 @ 6% interest and a 25 year amortization = $2,706 monthly ($15.46 sf) plus quarterly condo fees of $1,472.90 ($2.81 sf) and annual real estate taxes</li></ul>

Property Facts Under Contract

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.

Total Building Size	48,000 SF	Typical Floor Size	2,614 SF
Property Type	Office (Condo) Office Medical	Year Built	2002
Building Class	B	Lot Size	0.06 AC
Floors	2	Parking Ratio	3.33/1,000 SF
Zoning	PB - Frederick City Zoning - Professional Building (PB) permitting office, medical and research & development with retail ands service uses as secondary.

Total Building Size	48,000 SF
Property Type	Office (Condo) Office Medical
Building Class	B
Floors	2
Typical Floor Size	2,614 SF
Year Built	2002
Lot Size	0.06 AC
Parking Ratio	3.33/1,000 SF
Zoning	PB - Frederick City Zoning - Professional Building (PB) permitting office, medical and research & development with retail ands service uses as secondary.