Hot Property: MOB houses this market’s leader

The two-story, 62,297 square foot FMH Crestwood medical office building in Frederick, Md., is 100 percent occupied by the area’s dominant hospital, Frederick Memorial. The property is being marketed by JLL’s Healthcare Capital Markets team. Photo courtesy of JLL

The two-story, 62,297 square foot FMH Crestwood medical office building in Frederick, Md., is 100 percent occupied by the area’s dominant hospital, Frederick Memorial. The property is being marketed by JLL’s Healthcare Capital Markets team. Photo courtesy of JLL

Facility is fully occupied by Maryland county’s only hospital, Frederick Memorial

Name: FMH Crestwood
Address: 7211 Bank Court
City: Frederick, Md.
Total leasable square feet: 62,297
Number of floors: 2
Number of tenants: 1
Occupancy: 100%
Year built: 2010
Lease terms: 10, 14 years
Lot size: 5.16 acres
Parking ratio: 5/1,000 square feet
Seller: Original developer
Brokerage: JLL
Brokers: Mindy Berman, Steven Leathers, Brannan Knott, Daniel Turley

In Frederick County, Md., one hospital dominates the marketplace. In fact, the 309-bed Frederick Memorial Hospital, just north of the city of Frederick’s downtown, is the only hospital in the county as well as the only acute care facility within a 25-mile radius. As a result, the hospital has a 74 percent market share in its primary service area, which is about 45 miles northwest of Washington, D.C., and 50 miles or so west of Baltimore.

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