Your email has been sent.
77 Thomas Johnson Dr - Catoctin Office Center 2,427 SF Medical Condo Unit Offered at $1,039,960 CAD in Frederick, MD 21702
EXECUTIVE SUMMARY
Prime Investment Opportunity – National Medical Tenant | 5+ -Year Lease | Fully Renovated 2025 Unlock a high-value investment with this turnkey condo leased to a reputable national medical tenant. With a recently renewed 5-year lease (through March 2031), this property offers both immediate cash flow and long-term security—ideal for investors seeking a stable, low-risk income stream. Fully renovated in 2025, the condo boasts modern updates and superior finishes that enhance its appeal and minimize future upkeep. Strategically located to serve both the medical community and surrounding clientele, this property is positioned for sustained success and occupancy. -National Medical Tenant – A trusted, long-term partner - 5-Year Lease Recently Renewed (now through March 2031) - Fully Renovated in 2025 with modern finishes - NNN Lease - Hassle-Free Investment with solid cash flow potential - Around 7% ROI with a reliable, creditworthy tenant This is a rare opportunity to secure a premium, income-generating asset with minimal risk. Don't miss out on this exceptional property!
PROPERTY FACTS Under Contract
| 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 Suite C
| Unit Size | 2,427 SF | Sale Type | Investment |
| Price | $1,039,960 CAD | Sale Status | Under Contract |
| Price Per SF | $428.50 CAD | Cap Rate | 6.90% |
| Condo Use | Medical | NOI | $71,780.48 CAD |
| Unit Size | 2,427 SF |
| Price | $1,039,960 CAD |
| Price Per SF | $428.50 CAD |
| Condo Use | Medical |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 6.90% |
| NOI | $71,780.48 CAD |
DESCRIPTION
Parcel Number: Book 6645, Page 140 in MD Land Records
+17 More
77 TJ-1
77 TJ-2
77 TJ-5
77 TJ-6
77 TJ-7
77 TJ-08
77 TJ-09
77 TJ-18
77 TJ-17
77 TJ-16
77 TJ-15
77 TJ-14
77 TJ-13
77 TJ-12
77 TJ-11
77 TJ-10
77 TJ-19
77 TJ-20
77 TJ-21
77 TJ-22
77 TJ-23
77 TJ-24
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Forefront Dermatology |
-
|
February 2031
|
Presented by
77 Thomas Johnson Dr - Catoctin Office Center
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.