Northmarq Brokers $2.4 Million Sale of Maryland Healthcare Property


Northmarq, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a medical facility located at 195 Thomas Johnson Drive in Frederick, Maryland. The 10,000-square-foot property is leased to Maryland Vision Institute. Northmarq’s Asher Wenig represented the buyer, an individual investor based in New York. The seller was a local partnership, and the property traded for approximately $2.4 million.

“In a 1031 exchange, my client purchased this asset at a healthy yield with strong escalations, below market rent and with a value-add component, as 5,000 square feet is currently not being utilized by the tenant,” said Wenig, Senior Director and Partner in Northmarq’s New York office. “Medical retail/office is a high-demand sector and will continue to garner interest from investors due to community demand and e-commerce resistance.”

The property is situated on nearly 1.1 acres and underwent a major renovation in 2016 to accommodate the medical practice. Maryland Vision Institute is part of the Vision Innovation Partners network, a leading provider of ophthalmology services in the Mid-Atlantic region. The business will continue to benefit from its superb location just off the primary north/south thoroughfare in the area.

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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes. To learn more about Northmarq, please visit: