26005 Ridge Rd - Medical FOR SALE


Damascus, MD 20872
$4,500,000 USD
571-419-6564
26005 Ridge Rd, Damascus, MD for Sale
$4,500,000 USD
Medical - FOR SALE
1/13
null | Request Cap Rate

26005 Ridge Rd
Damascus, MD 20872


OVERVIEW

Total Space Area: 10,500 SF Lease Expiration Date: June 30, 2026 July 1, 2021 NNN Income: $271,501.20 Asking price: $4.5M 26005 Ridge Road is a 10,500 SF medical office building extremely well located in the middle of downtown Damascus. The property was developed by the current occupant in 1991; and has been the home of Simmonds/Advantia since that time. Simmonds/ Advantia is known as the preeminent OBGYN practice serving Damascus, Northern Montgomery County and the surrounding communities. The property originally housed the Tenant’s back office operations, call center, and clinical operations. The property is located within the Ridgeview Shopping Center, which sits at the intersection of Route 27 and Bethesda Church Road; one of the most prominent locations in downtown Damascus. With established affiliations throughout the suburban Maryland marketplace; Simmonds has recently invested significant capital in renovating the property and intends on continuing to serve its community for the long term from this primary location. Advantia has over five years remaining on its lease, and the Damascus location remains one of the most active for the practice. Other than a small office tenant who has recently expanded and signed a long term commitment to the project; the building remains fully occupied by Advantia for the long term. 26005 Ridge Road has been fully improved and continues to serve the practice’s needs for the foreseeable future.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Damascus Medical

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CRT1

APN/PARCEL ID

12-03790012

ASK ABOUT THIS PROPERTY

Adam SchindlerColliersMore Info
571-419-6564

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Adam SchindlerColliersMore Info
571-419-6564

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