Medical Office Building Investment Opportunity in Damascus, MD

For Sale

26005 Ridge Rd, Damascus, MD 20872

This Damascus property for sale is located at 26005 Ridge Rd. The current listed sale price for Medical Office Building Investment Opportunity in Damascus, MD is $4,500,000.

Contacts

broker
Adam Schindler

Property Details

  • Property Type Other
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1998
  • Date Updated Dec 17, 2024

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.

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Getting around

  • 72/100

    Walk Score ®

  • 46/100

    Bike Score ®

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Location

  • City Damascus, MD
  • Zip Code 20872
  • Market Washington DC Suburban Maryland

Points of Interest

  • Germantown

    8.38 miles

  • Gaithersburg

    9.93 miles

  • Crown

    0.26 miles

  • Liberty

    0.28 miles

  • Tucker's Gas & Go

    0.34 miles

  • Safeway Fuel Station

    0.36 miles

  • Tuckers Gas & Go

    0.40 miles

  • Fast Fuels

    0.40 miles

  • Shell

    4.43 miles

  • Carroll Motor Fuels

    4.75 miles

  • Exxon

    5.21 miles

  • Tesla

    7.15 miles

  • Damascus HS Student Parking Lot

    0.09 miles

  • Hiking Trail Parking Lot - Bethesda Church Rd

    0.32 miles

  • Damascus Park and Ride

    0.42 miles

  • Burnt Hills Parking Area

    2.39 miles

  • Lewisdale Horse Trailer Area

    3.14 miles

  • Browning Run Parking Area

    3.61 miles

  • Kingsley Parking Area

    4.03 miles

  • Froggy Hollow Trail Head Parking

    4.13 miles

  • Wilson Mill Parking Area and Trail

    4.16 miles

  • Prescott Road Horse Trailer Area

    4.65 miles

  • Budget Inn

    5.89 miles

  • Extended Stay America

    6.45 miles

  • Fairfield Marriott

    7.46 miles

  • Hampton Inn & Suites

    8.81 miles

  • Homewood Suites

    8.87 miles

  • Holiday Inn

    9.03 miles

  • DoubleTree

    9.35 miles

  • Motel 6

    9.57 miles

  • TownePlace Suites Gaithersburg

    9.79 miles

  • Weis

    0.09 miles

  • Safeway

    0.54 miles

  • Harris Teeter

    4.38 miles

  • Saks Off 5th

    5.62 miles

  • Giant

    5.98 miles

  • Big Lots

    6.09 miles

  • Food Lion

    6.12 miles

  • Walmart

    6.23 miles

  • Kohl's

    6.23 miles

  • ALDI

    6.29 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Adam Schindler