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909 Ridgebrook Rd - Highlands Corporate Office Park Building 3 1,822 SF Office Condo Unit Offered at $382,620 in Sparks, MD 21152

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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 (Condo)	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 (Condo)
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.

24 Hour Access

Natural Light

Air Conditioning

1 Unit 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.