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Westview Corporate Center

5280 Corporate Dr, Frederick, MD, US
Total Size
211,370 sqft
Year Constructed
1988
Year Renovated
2012

Current Availabilities

Nov 08
ago
Office
Listing agent for this listing
Gerry Trainor, Transwestern

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

Most listings are in the $10's per square foot per year. The Ballenger Creek region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 39% decrease in rent.

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

Median Rate Median Size
Ballenger Creek $17
/sqft/yr
7,230
sqft
Median Rate Median Size
Washington D.C. $32
/sqft/yr
3,470
sqft

Median Rate over Time in Ballenger Creek