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913 Ridgebrook Rd - Building 1
1,655 - 1,818 SF Condo Units Offered at $347,550 - $381,780 Per Unit in Sparks, MD 21152
Investment Highlights
- Medical & General Business Office condominium for sale
- 100% medical owner occupancy financing with local lenders
- Common area restrooms
- 24 hour access
- Free surface parking
- Why lease when you can own?
Executive Summary
Fully improved office and medical condominiums available for sale or lease. The three story condominium regime provides professional property management, 24 building access, free and unreserved surface parking and well landscaped grounds. The main lobby has automatic double lobby entrance doors, digital lobby directory board, common area restrooms serve each floor and a private mailbox in the mailroom for each unit. The units are seperately metered and the unit owners control their own HVAC system. The building is located in The Highlands Office Park just west of York Road in the North Baltimore County Sparks Submarket. The location offers easy access to Hunt Valley, I- 83, Hereford and York, Pa.
Property Facts
| Price | $347,550 - $381,780 | Building Class | A |
| Unit Size | 1,655 - 1,818 SF | Floors | 3 |
| No. Units | 3 | Typical Floor Size | 12,991 SF |
| Total Building Size | 86,811 SF | Year Built | 2005 |
| Property Type | Office | Lot Size | 6.68 AC |
| Property Subtype | Medical | Parking Ratio | 4/1,000 SF |
| Price | $347,550 - $381,780 |
| Unit Size | 1,655 - 1,818 SF |
| No. Units | 3 |
| Total Building Size | 86,811 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | A |
| Floors | 3 |
| Typical Floor Size | 12,991 SF |
| Year Built | 2005 |
| Lot Size | 6.68 AC |
| Parking Ratio | 4/1,000 SF |
3 Units Available
Unit 312
| Unit Size | 1,793 SF | Condo Use | Medical |
| Price | $358,600 | Sale Type | Investment or Owner User |
| Price Per SF | $200.00 |
| Unit Size | 1,793 SF |
| Price | $358,600 |
| Price Per SF | $200.00 |
| Condo Use | Medical |
| Sale Type | Investment or Owner User |
Description
Fully improved primary care medical office available for sale or lease. The furniture and equipment can be included in the sale or lease. The floor plan features several exam rooms, Dr office, 2 restrooms, lab, nurse station, front office and waiting room.
Sale Notes
Local lenders offering competitive owner occupancy 100% financing. Assume 80/20 LTV with 20% down and a loan for $286,880 @ 6.5% interest and a 25 year amortization = $1,937 monthly ($12.96 sf) plus $560.13 monthly condo fee. The current annual real estate taxes are $5,125.
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Unit 108
| Unit Size | 1,655 SF | Condo Use | Office |
| Price | $347,550 | Sale Type | Owner User |
| Price Per SF | $210.00 |
| Unit Size | 1,655 SF |
| Price | $347,550 |
| Price Per SF | $210.00 |
| Condo Use | Office |
| Sale Type | Owner User |
Description
Fully improved first floor general business office condominium. The unit has a seperate split system HVAC units.
Sale Notes
Assume 85/15 owner occupancy financing with local lenders. 15% down and a loan for $295,417.50 @ 6.5% interest and a 25 year amortization = $1,995 monthly ($14.46 rsf) + $469 monthly condo fee. Real estate taxes are paid to Baltimore County as one payment in full or semi-annual payments. Annual real estate taxes are currently $4,291.
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913-108 floor plan
Unit 314
| Unit Size | 1,818 SF | Condo Use | Office/Medical |
| Price | $381,780 | Sale Type | Owner User |
| Price Per SF | $210.00 |
| Unit Size | 1,818 SF |
| Price | $381,780 |
| Price Per SF | $210.00 |
| Condo Use | Office/Medical |
| Sale Type | Owner User |
Description
Fully improved third floor corner office condominium available for sale. The current use of the space is a medical laboratory space with plumbing and cabinetry in several rooms. The zoning permits both medical and general business office uses. Can be combined with the adjacent 1,793 rsf medical office for a total of 3,611 rsf contiguous area.
This top-floor corner unit was previously used as a sterile laboratory space, with newly-installed flooring, built-in shelving, and electrical upgrades to support the operation of multiple units of power-intensive laboratory equipment. Duct lines, plumbing lines, and wiring are installed behind dropped ceilings to ensure the sterile nature of the environment and remove the risk of spark or dust interactions. Unit features insulated walls and windows for life science usage. Decentralized HVAC system with in-office controls permit personalization of temperature for the unit.
Sale Notes
Local lender offering competitive owner occupancy financing terms including an 85/15 LTV. Financing @ 80/20 LTV with $76,356 down payment and a loan for $305,424 @ 6% interest and a 25 year amortization = $1968 monthly ($12.99 rsf) plus monthly condo fees and annual real estate taxes. Why lease when you can own for less?
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Floor Plan
Amenities
- Plug & Play
zoning
| Zoning Code | ML, County |
| ML, County |
Presented by
913 Ridgebrook Rd - Building 1
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