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909 Ridgebrook Rd
Sparks, MD 21152

$382,620 USD

Medical Condo For Sale  •  1,822 SF

Property Details

  • Property Type Medical
  • Total Building Size 41,502 SF
  • Lot Size 13.19 AC
  • Building Class A
  • Year Built 2007
  • Tenancy Multiple
  • Zoning ML
0 Transit Score
17 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 112 Office 1,822 SF $382,620 USD
  • Unit Size: 1,822 SF
  • Condo Use: Office
  • Price: $382,620 USD
  • Sale Type: Owner User
  • Price/SF: $210.00 USD
Description
Fully improved first floor office condominium for sale or lease. The floor plan features private offices, open work stations, conference room, kitchen and reception area. Common  area restrooms serve each floor. Free surface parking and 24 hour access. The unit is currently leased through 3/31/24 ($2,899.44 monthly) and the buyer has the option to collect the rent through the remaining term of the lease or the tenant will agree to vacate the unit earlier.

Sale Notes
Assume 80/20 LTV owner occupancy financing with local lenders with 20% down and financing $306,096 @ 6.5% and a 25 year amortization = $$2,067 monthly mortgage payment ($13.61 sf) + $475 monthly CF & $4,651 current annual RET.

Description 

Fully improved first floor office condominium for sale or lease. The floor plan features private offices, open work stations, conference room, kitchen and reception area. Common  area restrooms serve each floor. Free surface parking and 24 hour access. The unit is currently leased through 3/31/24 ($2,899.44 monthly) and the buyer has the option to collect the rent through the remaining term of the lease or the tenant will agree to vacate the unit earlier. 

Assume 80/20 LTV owner occupancy financing with local lenders with 20% down and financing $306,096 @ 6.5% and a 25 year amortization = $$2,067 monthly mortgage payment ($13.61 sf) + CF & RET.

Highlights

Why lease when you can own
First floor turn key office for sale or lease

Financial Summary

Total Expenses: $10,351 USD

Major Tenants

Tenant SF Occupied Lease End Date
Autobase, Inc. 1,822 SF 2/28/2025

Amenities

  • 24 Hour Access
  • Natural Light
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Baltimore/Washington International Thurgood Marshall 49 min - 32.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes
Christopher Smith 410-382-1869 TriAlliance Commercial Real Estate Services
Christopher Smith 410-382-1869 TriAlliance Commercial Real Estate Services