2401 York Rd 5,712 SF Office Building Timonium, MD 21093 $1,500,000 ($262.61/SF)

Freestanding 5712 sf office building available for sale or lease.
Property is 0.393 acres.
Three story office with the main first floor street level, 2nd floor served by an open staircase and a finished lower level with a walk out exit.
The two main floors feature 10' drywall finished ceiling height, marble foyers and a restroom on all three levels.
The site is comprised of two parcels and the account identifier numbers are 08-19-058100 and 08-03-047525 Map 51, Grid 23, parcel 7 & 8. The property has two Baltimore County Real Estate Tax bills.
Current RET are $9561 and $10,004 = $10,565 or $1.85 sf.
12 on site parking spaces with possible expansion on the 2nd parcel contiguous to the existing parking lot. Additional off street parking available along Main Blvd.
Centrally located fronting York Road just South of Padonia Road and north of Timonium Road with easy access to I-83 and I-695.
Prominent Road front signage on the building exterior and Marquee sign.
Assume $20 NNN lease x 5712 sf = 7.6% Cap rate. Tenant pays NNN expenses budgeted at $2.85 sf. Given the property's location and condition, a capitalization rate of 7.50% and 8.50% is expected for the investment property. U.S. Fed has implemented its most aggressive actions since 2005.
Assume owner occupancy financing at 80/20 LTV with $300,000 down and financing $1,200,000 @ 6.5% and a 25 year amortization = $8,102 monthly ($17.02 sf) NNN.