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Office Medical

Woodyard Medical Building

9015 Woodyard Rd, Clinton, MD 20735

Listing Price: $3,750,000

Cap Rate
7.83%
Gross SF
21,500
Rentable SF
21,500
Price/Gross SF
$174.42
Occupancy
98.0%
Year Built
1979
Lot Size
1.92 acres

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the 98 percent-leased asset located at 9015 Woodyard Road in Clinton, Maryland (“Property”). The asset is located less than two miles from the MedStar Southern Maryland Hospital Center, a state-of-the-art, 250-bed hospital. MedStar is a major healthcare demand driver in the area, and the emergency department at this major facility is the clinical training center for MedStar Emergency Ultrasound and for MedStar Sports Medicine. Among a wide variety of specialty care divisions, this hospital is also the regional leader in interventional cardiology. 9015 Woodyard Road represents an outstanding stable medical office acquisition opportunity at a favorable basis within close proximity to permanent demand drivers and extremely favorable leasing fundamentals in a limited competitive set.   The Property also benefits from its direct access to a rich and dense amenity base anchored by Woodyard Crossing (short walk from the asset) - a major power center in the region with nearly 500,000 square feet of gross leasable area. The center is anchored by Lowes, Walmart, Safeway, CVS and Staples. Woodyard Crossing also features 12 different quick-service and sit-down dining options. In addition to Woodyard Crossing there is over 1.1 million square feet of retail establishments within a one-mile radius of the building. Another primary demand driver for tenants and visitors alike at 9015 Woodyard Road is the Property’s accessibility. Located in Clinton, Maryland the Property offers immediate access to several critical roadways. Just down Woodyard Road (MD Route 223) less than one mile away is MD Route 5 (Branch Avenue), a six-lane highway that leads directly to The Capital Beltway (I-495), which offers fast and convenient access to the entire Washington, DC metro area. These critical attributes and a lack of truly competitive assets have combined to generate continued occupancy and extremely high renewal probability for its tenancy. 9015 Woodyard Road represents an excellent investment opportunity in which a new owner can acquire the Property at a favorable basis and feel confident in the ability to operate the Property and generate upside through contractual rent increases and rolling or renewing current leases to higher market rents upon expiration.

Investment Highlights

  • Established Medical Office Building Catering to Affluent Population
  • Major Hospital Proximity – MedStar Southern Maryland Hospital Center Less Than 2 Miles Away
  • Abundant Amenity Base Within Walking Distance to Several Major Shopping Centers and Trade Zones
  • 98% Occupied Building Offers Investors Passive Cash Flow and Management
  • Superior Visibility Along Woodyard Rd; Two Curb Cuts Near Lighted Intersection (27,000+ VPD)
  • Superior Access to Region – 10 Minutes to I-495 and MD-301, 15 Minutes from Virginia and Washington, DC

Exclusively Listed By

  • Daniel Gaffey

    Associate

    (202) 536-3715

    Email Daniel

    License(s): VA: 0225224882, DC: SP200203414, MD: 678806

    Washington, D.C.

  • Randall Heilig

    Vice President Investments

    (202) 536-3766

    Email Randall

    License(s): DC: SP98365171, MD: 621822, VA: 0225179951

    Washington, D.C.

  • Robert Filley

    First Vice President Investments

    (202) 536-3736

    Email Robert

    License(s): MD: 579129, VA: 0225079990

    Washington, D.C.

Office Medical

Woodyard Medical Building

Listing Price: $3,750,000

Cap Rate
7.83%
Gross SF
21,500
Rentable SF
21,500
Price/Gross SF
$174.42
Occupancy
98.0%
Year Built
1979
Lot Size
1.92 acres

Investment Highlights

  • Established Medical Office Building Catering to Affluent Population
  • Major Hospital Proximity – MedStar Southern Maryland Hospital Center Less Than 2 Miles Away
  • Abundant Amenity Base Within Walking Distance to Several Major Shopping Centers and Trade Zones
  • 98% Occupied Building Offers Investors Passive Cash Flow and Management
  • Superior Visibility Along Woodyard Rd; Two Curb Cuts Near Lighted Intersection (27,000+ VPD)
  • Superior Access to Region – 10 Minutes to I-495 and MD-301, 15 Minutes from Virginia and Washington, DC

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the 98 percent-leased asset located at 9015 Woodyard Road in Clinton, Maryland (“Property”). The asset is located less than two miles from the MedStar Southern Maryland Hospital Center, a state-of-the-art, 250-bed hospital. MedStar is a major healthcare demand driver in the area, and the emergency department at this major facility is the clinical training center for MedStar Emergency Ultrasound and for MedStar Sports Medicine. Among a wide variety of specialty care divisions, this hospital is also the regional leader in interventional cardiology. 9015 Woodyard Road represents an outstanding stable medical office acquisition opportunity at a favorable basis within close proximity to permanent demand drivers and extremely favorable leasing fundamentals in a limited competitive set.   The Property also benefits from its direct access to a rich and dense amenity base anchored by Woodyard Crossing (short walk from the asset) - a major power center in the region with nearly 500,000 square feet of gross leasable area. The center is anchored by Lowes, Walmart, Safeway, CVS and Staples. Woodyard Crossing also features 12 different quick-service and sit-down dining options. In addition to Woodyard Crossing there is over 1.1 million square feet of retail establishments within a one-mile radius of the building. Another primary demand driver for tenants and visitors alike at 9015 Woodyard Road is the Property’s accessibility. Located in Clinton, Maryland the Property offers immediate access to several critical roadways. Just down Woodyard Road (MD Route 223) less than one mile away is MD Route 5 (Branch Avenue), a six-lane highway that leads directly to The Capital Beltway (I-495), which offers fast and convenient access to the entire Washington, DC metro area. These critical attributes and a lack of truly competitive assets have combined to generate continued occupancy and extremely high renewal probability for its tenancy. 9015 Woodyard Road represents an excellent investment opportunity in which a new owner can acquire the Property at a favorable basis and feel confident in the ability to operate the Property and generate upside through contractual rent increases and rolling or renewing current leases to higher market rents upon expiration.

Exclusively Listed By

  • Daniel Gaffey

    Associate

    (202) 536-3715

    Email Daniel

    License(s): VA: 0225224882, DC: SP200203414, MD: 678806

    Washington, D.C.

  • Randall Heilig

    Vice President Investments

    (202) 536-3766

    Email Randall

    License(s): DC: SP98365171, MD: 621822, VA: 0225179951

    Washington, D.C.

  • Robert Filley

    First Vice President Investments

    (202) 536-3736

    Email Robert

    License(s): MD: 579129, VA: 0225079990

    Washington, D.C.

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