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241 E 4th St - The Glass Factory

13,884 SF Office Unit Offered at £2,073,493 in Frederick, MD 21701

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Executive Summary

The over 13,000 square foot, office condo is currently 100% occupied by Goodwin & Associates who has been here since beginning of Year 2004, occupying the entire ground floor and basement level. The current lease term is till December 31, 2026 with a 3-years of option.

Property Facts

Price	£2,073,493	Building Class	B
Unit Size	13,884 SF	Number of Floors	3
No. Units	1	Typical Floor Size	9,722 SF
Total Building Size	50,414 SF	Year Built	1910
Property Type	Office (Unit)	Lot Size	1.67 AC
Sale Type	Investment	Parking Ratio	36.24/1,000 SF

Price	£2,073,493
Unit Size	13,884 SF
No. Units	1
Total Building Size	50,414 SF
Property Type	Office (Unit)
Sale Type	Investment
Building Class	B
Number of Floors	3
Typical Floor Size	9,722 SF
Year Built	1910
Lot Size	1.67 AC
Parking Ratio	36.24/1,000 SF

1 Unit Available

Unit 100

Unit Size	13,884 SF	Sale Type	Investment
Price	£2,073,493	Net Initial Yield	7.46%
Price Per SF	£149.34	NOI	£154,682.54
Unit Use	Office

Unit Size	13,884 SF
Price	£2,073,493
Price Per SF	£149.34
Unit Use	Office
Sale Type	Investment
Net Initial Yield	7.46%
NOI	£154,682.54

Description

The property at 241 E. 4th St. is dominated by a long, linear brick building commonly referred to as the Glass Factory. Today, the former factory is in the Frederick National Register Historic District and the locally designated Frederick Town Historic District.