411 Aviation Way, Frederick, MD 21701
41,972 SF | 100% Leased | Office Building | Frederick, MD 21701 | $5,900,000 ($141/SF)
Asking Price $5,900,000
- Property Type
-
Office
- Square Feet
- 41,972 SF
- Price / Square Foot
- $141
Listing Contacts
- Property Info
Property Overview
CPG Realty, LLC, “CPG” as exclusive representative to the Seller, is pleased to present for sale 411 Aviation Way, Frederick, MD, the (“Property”). The Property is an existing 41,972 sf, two-story office building on 3.19 acres± of PB (Professional Business) zoned land, currently 50% leased to seven (7) different tenants. The AOPA (Aircraft Owners & Pilots Association) recently vacated the entire first floor,
which was renovated in 2018 and is a beautifully built out space featuring private office space, open work space, conference rooms and a sound proof auditorium.
The Property is a very attractive, concrete and glass structure, sitting immediately adjacent to the Frederick Municipal Airport and features striking views of the run- way and control tower. Potential investors or users have the opportunity to pur- chase an asset well below replacement costs and demand rents at top of market given the location, quality of construction, and previous fit-out. The Property is located within a Qualified Opportunity Zone and a HUB Zone.
Located in the growing east side of the City of Frederick, the Property is immersed in a quickly changing and developing market. Directly to the west, Oxford Medical is planning a 300,000 sf life science development. On the west side of Monocacy, several mixed use developments have been approved and are currently in the construction phase including over 1,500 residential units and 30,000+ of new
retail development. Given the magnitude of the new residential development, the Property is located in the heart of a major Live, Work, Play environment, setting this location apart from typical non-descript office campuses.
which was renovated in 2018 and is a beautifully built out space featuring private office space, open work space, conference rooms and a sound proof auditorium.
The Property is a very attractive, concrete and glass structure, sitting immediately adjacent to the Frederick Municipal Airport and features striking views of the run- way and control tower. Potential investors or users have the opportunity to pur- chase an asset well below replacement costs and demand rents at top of market given the location, quality of construction, and previous fit-out. The Property is located within a Qualified Opportunity Zone and a HUB Zone.
Located in the growing east side of the City of Frederick, the Property is immersed in a quickly changing and developing market. Directly to the west, Oxford Medical is planning a 300,000 sf life science development. On the west side of Monocacy, several mixed use developments have been approved and are currently in the construction phase including over 1,500 residential units and 30,000+ of new
retail development. Given the magnitude of the new residential development, the Property is located in the heart of a major Live, Work, Play environment, setting this location apart from typical non-descript office campuses.
Property Details
- Class
- A
- Year Built
- 1982
- Stories
- 2
- Lot Size (sq. ft)
- 138,956 SF
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