26005 Ridge Rd, Damascus, MD 20872
10,200 SF | 100% Leased | Office Building | Damascus, MD 20872 | $4,500,000 ($441/SF)
For Sale
Active
Asking Price $4,500,000
- Property Type
-
Office
- Square Feet
- 10,200 SF
- Price / Square Foot
- $441
Listing Contacts
- Property Info
Property Overview
Total Space Area: 10,500 SF
Lease Expiration Date: June 30, 2026
July 1, 2021 NNN Income: $271,501.20
Asking 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.
Lease Expiration Date: June 30, 2026
July 1, 2021 NNN Income: $271,501.20
Asking 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.
Property Details
- Class
- C
- Year Built
- 1991
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 6,970 SF
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