The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Maryland Vision Institute located at 195 Thomas Johnson Drive in Frederick, Maryland for $2,355,000.<\/p>\n
The 10,000 square foot net leased Maryland Vision building benefits from its location just off of Opossumtown Pike (24,800VPD), which is a primary north-south thoroughfare in the area. The property is also within close proximity to Frederick Freeway (84,000 VPD) which connects to the Washington DC area. Tenants in the corridor include Weis Market, Lowe\u2019s, Marshalls, Wegmans, Walgreens, DaVita, PNC, Wells Fargo, and more. The property is less than two miles from Governor Thomas Johnson Highschool. There are 125,029 people living within five miles of the property earning an average annual household income of $108,100.<\/p>\n
Maryland Vision Institute is a group of ophthalmologists across three locations who specialize in laser technology and lens implant designs. Maryland Vision Institute is part of Vision Innovation Partners, a leading prover of ophthalmology services. As part of the network, they\u2019re able to provide patients with state-of-the-art equipment, experienced ophthalmic, surgical and technical teams, and personalized care to each patient’s needs.<\/p>\n
Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction who was a northeast based partnership. The buyer was a northeast based 1031 exchange investor.<\/p>\n
\u201cSingle tenant medical properties with long term leases are the most sought-after net lease products\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 John Feeney, Senior Vice President of The Boulder Group, added, \u201cE-commerce resistant tenants continue to be in high demand amongst 1031 exchange investors.\u201d<\/p>\n