2401 Whittier Dr Frederick, MD 21702-3355

Exceptional investment opportunity in Frederick, MD, presents a Class A, 57,000 square foot shopping center and office building complex. This property, built in 2006, boasts two buildings totaling over 43,000 square feet of leasable space, including a 21,377 square foot shopping center and a 21,788 square foot office building. Additional square footage is occupied by a daycare center. The complex is strategically located at the main entrance of the Whittier Planned Urban Development (PUD), providing convenient access for residents and visitors. Each suite features modern layouts, individual HVAC systems, and ample parking, with a generous 5.61 spaces per 1,000 square feet ratio. The property is zoned GC and sits on a 57,000 square foot lot. With a strong net operating income (NOI) of $505,732 and an attractive 5.60% capitalization rate, this offering presents a compelling investment opportunity priced at $9,000,000. The sale is structured to accommodate a 1031 exchange. This exceptional property offers a blend of retail and office space, making it an ideal investment for discerning buyers seeking a high-performing asset in a desirable location.