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- LoopNet Team
77 Thomas Johnson Dr
Frederick, MD 21702
Catoctin Office Center · Office Property For Sale
Investment Highlights
- Below-Market Rent
- Perpetual Demand Drivers
- Superb Demographics
- Excellent Accessibility
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing for 77 Thomas Johnson Drive, Frederick, Maryland. The Property is a single story medical office condominium located in the heart of the Frederick medical community and within walking distance of the main Frederick Memorial Hospital campus and the massive military complex of Fort Detrick; Fort Detrick is a U.S. Army Medical Research and Development Command (MRDC) installation supporting a multi-governmental community conducting biomedical research and development, medical material management, worldwide communications, and the study of foreign plant pathogens. Built in 2005, the Property is located strategically right off the Catoctin Mountain Highway and State Route 26 interchange. The Property is fully improved and 100% leased to ForeFront Dermatology. ForeFront entered a brand new, 5-year triple-net lease on March 29, 2021 with 2% annual escalations throughout the base term as well as the renewal options. The lease has a corporate guarantee by ForeFront Dermatology. ForeFront operates 191 locations across 23 states in the United States. In 2021, ForeFront acquired Dr. Elizabeth Liotta’s team and practice, Liotta Dermatology, at this location. Liotta Dermatology is a first-generation tenant at the Property and a preeminent Dermatology practice in the Frederick market.
PROPERTY FACTS
| Property Type | Office | Number of Floors | 1 |
| Property Subtype | Medical | Year Built | 2005 |
| Building Class | B | Parking Ratio | 3.46/1,000 SF |
| Lot Size | 8.80 AC | APN / Parcel ID | |
| Rentable Building Area | 24,834 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Lot Size | 8.80 AC |
| Rentable Building Area | 24,834 SF |
| Number of Floors | 1 |
| Year Built | 2005 |
| Parking Ratio | 3.46/1,000 SF |
| APN / Parcel ID |
Amenities
- Banking
- Day Care
- Fitness Centre
- Restaurant
zoning
| Zoning Code | M-O, County |
| M-O, County |
