40 York Rd - Medical CONDO FOR SALE


Towson, MD 21204- Downtown Towson
$1,497,825 USD
410-382-1869
40 York Rd, Towson, MD for Sale
$1,497,825 USD
Medical CONDO - FOR SALE
1/25
null | 11.84% Cap Rate

40 York Rd
Towson, MD 21204
Downtown Towson


HIGHLIGHTS

  • 21 newly constructed private rooms
  • Marquee and Building signage permitted
  • Free parking
  • Prominent York Road visibility
  • Below market condo fees and taxes ($5.06 rsf)
  • lease option available

OVERVIEW

Local lenders offering competitive owner occupancy financing with 20% down and financing $1,198,260 @ 6.5% interest and 25 year amortization = $8,091 monthly ($14.58 rsf) plus $1,665 monthly condo fees ($3.00 rsf) and $13,738 current 2024/2025 Baltimore County real estate taxes ($2.06 rsf). Both floors are seperately metered for BGE. Investment proforma assumes an average of $850 monthly per room x 22 private rooms = $224,400 projected annual revenue. Current operating expenses including BGE and RET = $47,032 annual. Projected NOI = $177,368 annual or 7.06 rsf or 11.84%

FOR SALE DETAILS

PRICE

$1,497,825 USD

PRICE/SF

$225 USD /SF

CAP RATE

11.84%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

41,000 SF

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

BM

APN/PARCEL ID

09-2400012736

ASK ABOUT THIS PROPERTY

Christopher SmithTriAlliance Commercial Real Estate ServicesMore Info
410-382-1869

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Christopher SmithTriAlliance Commercial Real Estate ServicesMore Info
410-382-1869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.