5245 Westview Dr 23 011 pi² Commerce de détail Immeuble Frederick, MD 21703 7 877 500 $ CAD (342,34 $ CAD/pi²)

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of 5245 Westview Drive, Frederick, Maryland. This 23,011 SF building on 2.89 acres is NNN-leased to GBG, Inc, a 29-unit operator of Gold’s Gyms in MD, VA and DC. The lease is guaranteed by Gold’s Gym International, Inc., which was acquired in 2020 by RSG Group Gmbh, one of the largest gym operators in the world. RSG Group Gmbh invests in multiple fitness brands and owns 18 brands in 48 different countries.
The property has been a gym since 1999, and the current operator leased it in 2013. Following a temporary covid rent-reduction, the tenant signed a lease extension in 2023, extending the lease through 2029. The lease offers 2.5% annual rent escalations, allows collection of a management fee, and has two remaining 5-year options.
The building is visible from I-270 and from Buckeystown Pike. It is located within Frederick’s west side commercial district, an area characterized by a broad mix of retail, dining, hotels and service-oriented uses. It provides convenient access to I-270, I-70, US-15, and US-340, making it accessible for residents throughout the region.
The surrounding neighborhoods in Ballenger Creek and West Frederick have experienced steady residential growth, supporting a wide range of everyday commercial services. The local population is projected to grow by 13.94% over the coming 5-years, driven by strong employment growth in the advanced manufacturing and life-sciences industries.
Several ongoing public and private initiatives are shaping the long-term trajectory of the area. Planned improvements in the West Frederick Growth Area—including new housing, roadway extensions, and public infrastructure—are expanding activity west of downtown. The development of Westside Regional Park, along with continued investment in nearby employment centers along the I-270 corridor, is contributing to increases in both resident and daytime populations.
Overall, a new owner will be able to enjoy steady cash flow, guaranteed by Gold’s Gym International, Inc, while the local area continues to develop and grow. In the long-term, the low FAR, 2.89-acre lot size, and mixed-use zoning could allow for future redevelopment of the site.