JLL is pleased to offer for sale the fee simple interest in Frederick Memorial Hospital Crestwood, a 2010-build Class A, single tenant medical office building with 62,297 RSF located in Frederick, Maryland. FMH Crestwood is 100% net leased to Frederick Memorial Hospital with an average remaining term of 12 years. FMH is the sole hospital in Frederick County and in a 25-mile radius of the City of Frederick, with a dominant market share of 74% in its service area. FMH Crestwood is the hospital’s primary off-campus, outpatient health center. Frederick is 45 miles northwest of Washington, D.C. and 50 miles west of Baltimore.
Investment Highlights
- Triple net leases with an average of 12 years remaining that include rental escalations
- 100% leased to Frederick Memorial Hospital that carries an investment grade credit rating of Baa1 by Moody’s
- Primary care and specialty services with critical infrastructure including medical imaging, women’s breast care, oncology, fertility, orthopedics and physical therapy
- Built in 2010, providing ample parking and easy access from Interstates 270 and 70
Contact Information
Steve Leathers
Senior Vice President
+1 212 812 5867
steve.leathers@am.jll.com
Mindy Berman
Managing Director
+1 617 316 6539
mindy.berman@am.jll.com
Daniel Turley
Senior Vice President
+1 617 316 6521
daniel.turley@am.jll.com
Brannan Knott
Vice President
+1 617 316 6508
brannan.knott@am.jll.com
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