Germantown Medical/Office Condos For
12800 and 12850 Middlebrook Road, Germantown, MD 20874
Professional medical and office condos for sale in Germantown, MD.
Type:Office
Property size:
15,020 SFPrice / SF:
$275/SF- Added:
- Nov 21, 2022
- Days on Market:
- 1287
- Last Refresh:
- May 19 at 9:18 pm
Property Features for 12800 and 12850 Middlebrook Road
General Information
- Standard status
- Active
- Size
- 15,020 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing agent Brian Rossi License #MD 515851
Listing office ROSSI Commercial Real Estate
Listing date Nov 21, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of ROSSI Commercial Real Estate
HighLights
- $30 Per Square Foot seller credit at settlement.
- Excellent location in the heart of Germantown Town Center, near Holy Cross Hospital, Dept. of Energy, and Montgomery College Germantown Campus.
- Multiple size options ranging from 535 SF up to 15,020 SF.
- Renovated building (12850 Middlebrook Road in 2019) with new lobby, elevators, and restrooms.
- Free and generous parking ratio, higher than average.
- Close proximity to numerous walkable amenities including shopping, restaurants, banks, recreational parks, and the Germantown MARC Train Station.
Overview
Professional medical and office condos are available for sale in a two-building campus located at 12800 and 12850 Middlebrook Road, Germantown, MD 20874. Multiple size options are available, ranging from 535 square feet up to 15,020 square feet. The property is located in the heart of the Germantown Town Center, near Holy Cross Hospital, the Department of Energy, and Montgomery College Germantown Campus, with numerous retail amenities nearby. Trevion Corporate Park is a professional medical and office park consisting of two four-story buildings. The building at 12850 Middlebrook Road was renovated in 2019, featuring a new lobby, elevators, and restrooms with elegant finishes and a bright, open atrium lobby. The property is located at the intersection of Middlebrook Road and Germantown Road, close to the new Germantown Holy Cross Hospital. Free parking is available with a generous parking ratio. Numerous walkable shopping centers offer restaurants, banks, shopping, and other amenities, as well as recreational parks and facilities, residential areas, the Germantown MARC Train Station, the Department of Energy, and Montgomery College, Germantown Campus. A seller credit of $30 per square foot is available at settlement.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $484.8k | $32.28 |
| − Vacancy | −$91.2k | −$6.07 |
| EGI | $393.7k | $26.21 |
| − OpEx | −$157.5k | −$10.48 |
| NOI | $236.2k | $15.73 |
15,020 SF · lease $32.28/SF/yr · vacancy 18.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.37M
$2.95M – $3.94M
NOI $236,217 @ 7.0% cap · market cap 5.72%
Second Best
Office B
$2.62M
$2.29M – $3.06M
NOI $183,564 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$5.28M
$4.62M – $6.16M
NOI $369,858 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Advanced Dental Center
Dental Office
Woodbourne Solutions Inc
(Bike/Boat/Book/etc) Store
Dr. Laleh Sarfaraz, ...
Dental Office
Advanced Dental Center: ...
Dental Office
Amini-Zand Sara DDS
Dental Office
Similar Places Nearby
- Germantown Veterinary Clinic — 19911 Father Hurley Blvd, Germantown, MD 20874
- Petco Vaccination Clinic — 12960 Middlebrook Road #520A, Germantown, MD 20874
- Thrive Pet Healthcare - Germantown — 19728 Germantown Rd, Germantown, MD 20874
Location Insight
- Map
- Local Demand
- City
- Germantown
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.2654074
- Latitude
- 39.1767496
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Professional medical and office condos for sale in Germantown, MD.
Where is this medical office space located?
The property is located at 12800 and 12850 Middlebrook Road Germantown, MD.
What is the asking price?
The asking price for this property is $4,130,500.
What are key features of this property?
This property features: $30 Per Square Foot seller credit at settlement.; Excellent location in the heart of Germantown Town Center, near Holy Cross Hospital, Dept. of Energy, and Montgomery College Germantown Campus.; Multiple size options ranging from 535 SF up to 15,020 SF.
