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Medical Office Building Investment Opportunity in Damascus, MD
26005 Ridge Rd
Damascus, MD
Lot Size:0.24Acres
Total Space Area: 10,500 SFLease Expiration Date: June 30, 2026July 1, 2021 NNN Income: $271,501.20Asking 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.
Close proximity to I-270 and I-70
Abundant restaurants and retailers in close proximity
Prominent medical location in Damascus
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0.24Acres
Damascus Shopping Center
9815 Main St
Damascus, MD
Damascus Center is a 143,815 square foot neighborhood center in northern Montgomery County, Maryland.
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26133 Ridge Road
26133 Ridge Rd
Damascus, MD
Lease:
$1,592 -
$4,666/month
$1,592 -
$4,666/month
1,365 SF -
4,000 SF
4,000 SF
9865 Main Street
9865 Main St
Damascus, MD
More info
More info
26040 Woodfield Road
26040 Woodfield Rd
Damascus, MD
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Market Stats
Damascus has 20 commercial real estate spaces for lease, representing 24,967 sqft space.
8 buildings are available for sale.
In the past 30 days, Damascus has had 2 spaces leased.
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