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909 Ridgebrook Rd - Highlands Corporate Office Park Building 3
1,822 SF Office Condo Unit Offered at $382,620 USD 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 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. The unit is currently leased through 3/31/24 ($2,899.44 monthly) and the buyer has the option to collect the rent through the remaining term of the lease or the tenant will agree to vacate the unit earlier. Assume 80/20 LTV owner occupancy financing with local lenders with 20% down and financing $306,096 @ 6.5% and a 25 year amortization = $$2,067 monthly mortgage payment ($13.61 sf) + CF & RET.
Property Facts
| Price | $382,620 USD | Building Class | A |
| Unit Size | 1,822 SF | Floors | 3 |
| No. Units | 1 | Typical Floor Size | 15,000 SF |
| Total Building Size | 41,502 SF | Year Built | 2007 |
| Property Type | Office (Condo) | Lot Size | 13.19 AC |
| Property Subtype | Medical | Parking Ratio | 3.3/1,000 SF |
| Sale Type | Owner User |
| Price | $382,620 USD |
| Unit Size | 1,822 SF |
| No. Units | 1 |
| Total Building Size | 41,502 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Sale Type | Owner User |
| Building Class | A |
| Floors | 3 |
| Typical Floor Size | 15,000 SF |
| Year Built | 2007 |
| Lot Size | 13.19 AC |
| Parking Ratio | 3.3/1,000 SF |
1 Unit Available
Unit 112
| Unit Size | 1,822 SF | Condo Use | Office |
| Price | $382,620 USD | Sale Type | Owner User |
| Price Per SF | $210.00 USD |
| Unit Size | 1,822 SF |
| Price | $382,620 USD |
| Price Per SF | $210.00 USD |
| Condo Use | Office |
| Sale Type | Owner User |
Description
Fully improved first floor office condominium for sale or lease. The floor plan features private offices, open work stations, conference room, kitchen and reception area. Common area restrooms serve each floor. Free surface parking and 24 hour access. The unit is currently leased through 3/31/24 ($2,899.44 monthly) and the buyer has the option to collect the rent through the remaining term of the lease or the tenant will agree to vacate the unit earlier.
Sale Notes
Assume 80/20 LTV owner occupancy financing with local lenders with 20% down and financing $306,096 @ 6.5% and a 25 year amortization = $$2,067 monthly mortgage payment ($13.61 sf) + $475 monthly CF & $4,651 current annual RET.
+5 More
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Suite 112 Floorplan
Major Tenant Information
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Autobase, Inc. |
1,822 SF
|
February 2025
|
Amenities
- 24 Hour Access
- Natural Light
- Air Conditioning
zoning
| Zoning Code | ML (Manufacturing, Light: Intended for light manufacturing and industrial uses that allow industrial, laboratories, offices and medical clinics.) |
| ML (Manufacturing, Light: Intended for light manufacturing and industrial uses that allow industrial, laboratories, offices and medical clinics.) |
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909 Ridgebrook Rd - Highlands Corporate Office Park Building 3
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