Your email has been sent.
909 Ridgebrook Rd - Highlands Corporate Office Park Building 3 1,822 - 5,155 SF Office Condo Units Offered at $382,620 - $1,082,550 Per Unit in Sparks, MD 21152
INVESTMENT HIGHLIGHTS
- Why lease when you can own
- First floor turn key office for sale or lease
EXECUTIVE SUMMARY
Fully improved first floor office condominium suite 112 available 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. 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. Fully improved second floor office condominiums suite 216/220 available 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. Assume 80/20 LTV owner occupancy financing with local lenders with 20% down and financing $866,040 @ 6.5% and a 25 year amortization = $5,847 monthly mortgage payment ($13.61 sf) + CF & RET.
PROPERTY FACTS
| Total Building Size | 41,502 SF | Typical Floor Size | 15,000 SF |
| Property Type | Office | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 13.19 AC |
| Building Class | A | Parking Ratio | 3.3/1,000 SF |
| Floors | 3 | ||
| Zoning | ML - ML: Intended for office and medical uses. | ||
| Total Building Size | 41,502 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | A |
| Floors | 3 |
| Typical Floor Size | 15,000 SF |
| Year Built | 2007 |
| Lot Size | 13.19 AC |
| Parking Ratio | 3.3/1,000 SF |
| Zoning | ML - ML: Intended for office and medical uses. |
AMENITIES
- 24 Hour Access
- Natural Light
- Air Conditioning
2 UNITS AVAILABLE
Unit 112
| Unit Size | 1,822 SF | Condo Use | Office |
| Price | $382,620 | Sale Type | Owner User |
| Price Per SF | $210.00 |
| Unit Size | 1,822 SF |
| Price | $382,620 |
| Price Per SF | $210.00 |
| Condo Use | Office |
| Sale Type | Owner User |
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.
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.
+5 More
Suite 112 Floorplan
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Interior Photo
Unit 216
| Unit Size | 5,155 SF | Condo Use | Office |
| Price | $1,082,550 | Sale Type | Investment or Owner User |
| Price Per SF | $210.00 | APN/Parcel ID | 08-2500003524 |
| Unit Size | 5,155 SF |
| Price | $1,082,550 |
| Price Per SF | $210.00 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 08-2500003524 |
DESCRIPTION
Two combined units totaling 5,155 rsf inclusive of a 12% core factor. Units 216 & 220.
SALE NOTES
Owner occupancy financing available with local lenders. 80/20 LTV with 20% down payment and financing $866,040 @ 6.5% interest and 25 year amortization = $5,848 monthly ($13.61 rsf) plus condo fees and real estate taxes. 2024 annual RET for unit 220 = $4625 & $8538 for unit 216. $13,163 total RET ($2.55rsf). Combined condo fees $1342 monthly ($3.12 rsf). One BGE meter for the combined units.
+3 More
Floor Plan
Interior Photo
Reception Area
Interior Photo
Kitchen Area
Interior Photo
Interior Photo
Interior Photo
MAJOR TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Autobase, Inc. |
1,822 SF
|
February 2025
|
Presented by
909 Ridgebrook Rd - Highlands Corporate Office Park Building 3
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.