Christopher Smith 4103397160

8601 Lasalle Rd - Towson Corporate Center 1,403 SF Office Condo Unit Offered at $279,197 in Towson, MD 21286

INVESTMENT HIGHLIGHTS

Why Lease when you can own?
Plenty of free service parking
Local lenders offering competitive financing

Fully improved office condominium
On-site property management
Zoning permits medical uses

EXECUTIVE SUMMARY

Two story office condominium regime in Towson. The building features free surface parking, 24 hour access, beautiful main lobby, one elevator serving both floors and common area restrooms on each level. Zoning permits general business and medical uses.

PROPERTY FACTS

Price	$279,197	Building Class	B
Unit Size	1,403 SF	Floors	2
No. Units	1	Typical Floor Size	18,606 SF
Total Building Size	37,212 SF	Year Built	2005
Property Type	Office (Condo)	Lot Size	2.80 AC
Property Subtype	Medical	Parking Ratio	4.51/1,000 SF
Sale Type	Owner User

Price	$279,197
Unit Size	1,403 SF
No. Units	1
Total Building Size	37,212 SF
Property Type	Office (Condo)
Property Subtype	Medical
Sale Type	Owner User
Building Class	B
Floors	2
Typical Floor Size	18,606 SF
Year Built	2005
Lot Size	2.80 AC
Parking Ratio	4.51/1,000 SF

1 UNIT AVAILABLE

Unit 203

Unit Size	1,403 SF	Condo Use	Office
Price	$279,197	Sale Type	Owner User
Price Per SF	$199.00

Unit Size	1,403 SF
Price	$279,197
Price Per SF	$199.00
Condo Use	Office
Sale Type	Owner User

DESCRIPTION

Fully improved general business office condominium. Zoning permits medical uses as well. The unit features a reception area, conference room, hard wall work stations, kitchen and storage. The building offers free and unreserved parking and common area restrooms on each floor. One elevator serves the building.

SALE NOTES

Local lenders are offering competitive owner occupancy financing. Assume 80/20 LTV with $55,839 down and financing $223,358 @ 6.5% and a 25 year amortization = $1508 monthly mortgage payment ($12.90 rsf) + $660 monthly condo fees and $3,984 annual real estate taxes. The unit is seperately metered and the owner pays the monthly usage.

Walk Score®

Very Walkable (78)