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Westview Corporate Center

5280 Corporate Dr, Frederick, MD, US
Total Size
211,370 sqft
Year Constructed
Year Renovated

About Westview Corporate Center

Transwestern has been retained as exclusive advisor in the sale of Westview Corporate Center, a 211,370 square foot office building located at 5280 Corporate Drive in Frederick, Maryland (the “Property”). Westview Corporate Center is a Class “A” office building that is currently 43% leased. The Property underwent a substantial $6.1 million renovation that delivered in 2013. The renovation repositioned the asset for re-leasing and marketing thus making this a value-add investment opportunity with nearly no capital improvement risk.

The Property’s renovation included new elevators, roof, a new lobby, common areas, restrooms and base building items to include new HVAC units, VAV boxes and climate control system. All tenant improvements were demolished and the vacancies are clean and marketable in white-boxed condition. Moreover, upon stabilization an investor’s total costs are projected to remain well below replacement cost.

Internet Providers for Westview Corporate Center

Provider Technology Max Download Speed Max Upload Speed
Level 3 Communications, LLC Fiber
10 Gb/s
10 Gb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Ballenger Creek

On average, listings lease in the $20's per square foot per year. The Ballenger Creek region is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.

Compared to the rest of the Washington D.C. market, the Ballenger Creek submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Median Rate Median Size
Ballenger Creek $27
Median Rate Median Size
Washington D.C. $31

Median Rate over Time in Ballenger Creek