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120 Sister Pierre Dr
Towson, MD 21204 Towson Circle

$174,060 USD

Medical Condo For Sale  •  967 SF

Property Details

  • Property Type Medical
  • Total Building Size 46,319 SF
  • Lot Size 2 AC
  • Building Class B
  • Year Built 1986
  • Tenancy Multiple
  • Zoning OR-1, County
60 Transit Score
70 Walk Score

1 Unit Available

Name Condo Use Size Price Details
4th Floor - Unit 408 Medical 967 SF $174,060 USD
  • Unit Size: 967 SF
  • Condo Use: Medical
  • Price: $174,060 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $180.00 USD
Description
Fully improved medical office condominium. The floor plan features 3 rooms with sinks, nurse station with sink, restroom, storage, front office area and reception. The suite entry door is right off the elevator lobby. The sale price includes one covered reserved parking space and a rental storage unit on the lower level. Plenty of free and unreserved parking for staff and patients. The main lobby has been recently remodeled with new paint and digital directory board. The property is located on the campus of The University of Maryland St Joseph Medical Center.

Sale Notes
Local lenders are offering competitive owner occupancy financing as well as 100% financing for qualified medical uses. Assume an 80/20 LTV with 20% down payment and financing $139,248 @ 6% interest and a 25 year amortization = $897.18 monthly ($11.13 sf) plus $680 monthly condo fees and annual real estate taxes of $2,402 annual/$200.17 monthly. Current tenant rent is $1961.33 monthly. Lease expires 8/31/26. The tenant will vacate at lease expiration (no lease renewal option in the lease.

Description 

Fully improved medical office condominium. The floor plan features 3 rooms with sinks, nurse station with sink, restroom, storage, front office area and reception. The suite entry door is right off the elevator lobby. The sale price includes one covered reserved parking space and a rental storage unit on the lower level. Plenty of free and unreserved parking for staff and patients. The main lobby has been recently remodeled with new paint and digital directory board. The property is located on the campus of The University of Maryland St Joseph Medical Center. The unit is currently leased to an OB/GYN Physician and the lease expires 8/31/26. Tenant will vacate at the lease expiration to allow for owner occupancy.

Highlights

Fully improved medical office
Three rooms with hand sinks
Corner unit with windows in all rooms and front office
One reserved garage parking space for the Dr.
Located on the hospital campus with free parking for patients & staff
Why lease when you can own for less?

Financial Summary

Total Expenses: $11 USD

Major Tenants

Tenant SF Occupied Lease End Date
Advanced Dental Care of Towson
Dr. Richard O'Malley, M.D.
Dr. Robert Clayton, M.D.
nardine assaad md llc
Optimal Healthcare Services, LLC
P. Guildener, LCSW-C, MEd
Susie N. Chung, M.D., P.A. FACOG
Thomas Llewellyn D.D.S. and Associates, P.A.
Towson Pediatrics

Amenities

  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Penn Station (PENN - WASHINGTON - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC), Penn Station & Camden Yards - Maryland Area Regional Commuter Trains (The MARC)) 17 min - 6.1 mi
AirportDriveWalkDistance
Baltimore/Washington International Thurgood Marshall 38 min - 17.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes
Christopher Smith 410-382-1869 TriAlliance Commercial Real Estate Services
Christopher Smith 410-382-1869 TriAlliance Commercial Real Estate Services