Christopher Smith 4103397160
Andrew Brink 4103843028

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.

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.

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Suite 112 Floorplan

Interior Photo

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909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Floor Plan - Image 1 of 10 — Suite 112 Floorplan

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 2 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 3 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 4 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 5 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 6 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 7 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 8 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 9 of 10 — Interior Photo

909 Ridgebrook Rd, Sparks, MD 21152 - Unit 112 - - Interior Photo - Image 10 of 10 — 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.