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8890 McDonogh Rd - McDonogh Crossing 1,535 - 9,969 SF Condo Units Offered at $260,960 - $519,437 Per Unit in Owings Mills, MD 21117
Investment Highlights
- Owner occupancy office condominiums for sale
- 350 parking spaces serve the property
- Final office unit available on the 2nd floor
- Multi stall common area restrooms serve floors 2 - 4
- Prime location at McDonogh and Painters Mill Roads
- Flex/ self storage unit for sale on the lower level
Executive Summary
Modern Flex/ Self storage / Retail/Office/Medical Condominium Building. Each unit is separately metered. The buyer pays the condo fees and the real estate taxes. The purchaser controls their own design and construction.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 300 |
| Cap Rate | 7.00% |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.00% |
| No. Parking Spaces | 300 |
Description
McDonogh Storage is an 84 unit modern climate controlled self storage facility occupying the 9969 gsf lower level of the McDonogh Crossing, a 93,000 sf, four story Class A mixed use building at 8890 McDonogh Road in Owings Mills, Maryland. The lower level is served by one elevator and two staircases. Common area restrooms are available on floors 2,3 and 4. The building's upper floor house retail, medical and professional office owners on a 7.5 acre, professionally landscaped site with ample free surface parking. The new facility is currently in an active lease up phase, 33.3% occupied (28 of the 84 units), with in-place leases. The available 56 units are available for investment rental income or owner occupancy ranging in unit sizes from 5x5 lockers to 16x10 climate controlled bays. Zoning permits self storage as well as retail, office and medical uses including indoor recreational uses.
Sale Notes
Local lender offering competitive owner occupancy financing with an 80/20 LTV with 20% down and financing $415,549.60 @ 6.4% interest and a 25 year amortization = $2,806 monthly or ($4.38 gsf) plus $3,215 monthly condo fees and the current Baltimore County annual real estate taxes are $4,265.
The gross potential income is $93,048 at 100% occupancy of the 84 self storage units. Currently 33.3% occupied (28 of the 84 new units).
The gross potential income is $93,048 at 100% occupancy of the 84 self storage units. Currently 33.3% occupied (28 of the 84 new units).
| Sale Type | Owner User | No. Parking Spaces | 50 |
| Sale Status | Under Contract |
| Sale Type | Owner User |
| Sale Status | Under Contract |
| No. Parking Spaces | 50 |
Description
Final unit for sale on the 2nd floor. The Sale price includes a construction credit of $76,750 at closing. The unit is sold in the AS-IS condition. Both demising walls are in place. Buyer controls the design and construction of the unit. The 2026 condo fees are $410.87 monthly. Baltimore County annual real estate taxes are $3,434.
Sale Notes
Assume owner occupancy financing with 20% down and financing $221,040 @ 6.5 % interest and a 25 year amortization = $1,493 monthly ($11,66 gsf) plus $410.87 monthly condo fee and $3,434 real estate taxes.
| Sale Type | Owner User |
| Sale Type | Owner User |
Description
Corner unit 410 is fully demised on two sides. Common area restrooms serve each office floor. Two elevators serve the building. The unit is delivered in the shell condition and includes the base building work letter with the HVAC, electric panel, sprinkler main line and suite entry door and glass sidelight.
Sale Notes
Buyer controls the design and construction of the unit. Current condo fees for 2026 are $436.67 monthly. Annual real estate taxes are $3,650.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit LL | 9,969 SF | Flex | $519,437 ($52.11/SF) | $36,361 |
| Unit 210 | 1,535 SF | Office/Medical | $276,300 ($180.00/SF) | - |
| Unit 410 | 1,631 SF | Office/Retail | $260,960 ($160.00/SF) | - |
Unit LL
| Unit Size |
| 9,969 SF |
| Condo Use |
| Flex |
| Price |
| $519,437 ($52.11/SF) |
| NOI |
| $36,361 |
Unit 210
| Unit Size |
| 1,535 SF |
| Condo Use |
| Office/Medical |
| Price |
| $276,300 ($180.00/SF) |
| NOI |
| - |
Unit 410
| Unit Size |
| 1,631 SF |
| Condo Use |
| Office/Retail |
| Price |
| $260,960 ($160.00/SF) |
| NOI |
| - |
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Unit LL
| Unit Size | 9,969 SF |
| Condo Use | Flex |
| Price | $519,437 ($52.11/SF) |
| NOI | $36,361 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.00% |
| No. Parking Spaces | 300 |
| Description | |
| McDonogh Storage is an 84 unit modern climate controlled self storage facility occupying the 9969 gsf lower level of the McDonogh Crossing, a 93,000 sf, four story Class A mixed use building at 8890 McDonogh Road in Owings Mills, Maryland. The lower level is served by one elevator and two staircases. Common area restrooms are available on floors 2,3 and 4. The building's upper floor house retail, medical and professional office owners on a 7.5 acre, professionally landscaped site with ample free surface parking. The new facility is currently in an active lease up phase, 33.3% occupied (28 of the 84 units), with in-place leases. The available 56 units are available for investment rental income or owner occupancy ranging in unit sizes from 5x5 lockers to 16x10 climate controlled bays. Zoning permits self storage as well as retail, office and medical uses including indoor recreational uses.</li></ul> | |
| Sale Notes | |
| Local lender offering competitive owner occupancy financing with an 80/20 LTV with 20% down and financing $415,549.60 @ 6.4% interest and a 25 year amortization = $2,806 monthly or ($4.38 gsf) plus $3,215 monthly condo fees and the current Baltimore County annual real estate taxes are $4,265.<br> <br> The gross potential income is $93,048 at 100% occupancy of the 84 self storage units. Currently 33.3% occupied (28 of the 84 new units).</li></ul> |
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Unit 210
| Unit Size | 1,535 SF |
| Condo Use | Office/Medical |
| Price | $276,300 ($180.00/SF) |
| NOI | - |
| Sale Type | Owner User |
| Sale Status | Under Contract |
| No. Parking Spaces | 50 |
| Description | |
| Final unit for sale on the 2nd floor. The Sale price includes a construction credit of $76,750 at closing. The unit is sold in the AS-IS condition. Both demising walls are in place. Buyer controls the design and construction of the unit. The 2026 condo fees are $410.87 monthly. Baltimore County annual real estate taxes are $3,434.</li></ul> | |
| Sale Notes | |
| Assume owner occupancy financing with 20% down and financing $221,040 @ 6.5 % interest and a 25 year amortization = $1,493 monthly ($11,66 gsf) plus $410.87 monthly condo fee and $3,434 real estate taxes.</li></ul> |
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Unit 410
| Unit Size | 1,631 SF |
| Condo Use | Office/Retail |
| Price | $260,960 ($160.00/SF) |
| NOI | - |
| Sale Type | Owner User |
| Description | |
| Corner unit 410 is fully demised on two sides. Common area restrooms serve each office floor. Two elevators serve the building. The unit is delivered in the shell condition and includes the base building work letter with the HVAC, electric panel, sprinkler main line and suite entry door and glass sidelight.</li></ul> | |
| Sale Notes | |
| Buyer controls the design and construction of the unit. Current condo fees for 2026 are $436.67 monthly. Annual real estate taxes are $3,650.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Convenience Store
- Metro/Subway
- Property Manager on Site
- Security System
- High Ceilings
- On-Site Security Staff
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Smile Forever Dentistry |
4,281 SF
|
-
|
| 7-Eleven |
2,800 SF
|
-
|
| Associated Insurance Management, Inc. |
6,061 SF
|
-
|
| Westminster American Insurance Company |
12,121 SF
|
-
|
| Blavatt Law Office |
2,355 SF
|
-
|
| My NP Health |
1,800 SF
|
-
|
| Dr Prasad Challagulla |
2,374 SF
|
-
|
| Kiddie Academy |
8,538 SF
|
-
|
| State Farm Insurance |
1,432 SF
|
-
|
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8890 McDonogh Rd - McDonogh Crossing
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