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1st Floor - Unit LL
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Flex
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9,969 SF
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$519,437 USD
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Unit Size: 9,969 SF
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Condo Use: Flex
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Price: $519,437 USD
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Sale Type: Investment or Owner User
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Price/SF: $52.11 USD
Description
McDonogh Storage is an 84 unit modern climate controlled self storage facility occupying the 9969 gsf lower level of the McDonogh Crossing, a 93,000 sf, four story Class A mixed use building at 8890 McDonogh Road in Owings Mills, Maryland. The lower level is served by one elevator and two staircases. Common area restrooms are available on floors 2,3 and 4. The building's upper floor house retail, medical and professional office owners on a 7.5 acre, professionally landscaped site with ample free surface parking. The new facility is currently in an active lease up phase, 33.3% occupied (28 of the 84 units), with in-place leases. The available 56 units are available for investment rental income or owner occupancy ranging in unit sizes from 5x5 lockers to 16x10 climate controlled bays. Zoning permits self storage as well as retail, office and medical uses including indoor recreational uses.
Sale Notes
Local lender offering competitive owner occupancy financing with an 80/20 LTV with 20% down and financing $415,549.60 @ 6.4% interest and a 25 year amortization = $2,806 monthly or ($4.38 gsf) plus $3,215 monthly condo fees and the current Baltimore County annual real estate taxes are $4,265.
The gross potential income is $93,048 at 100% occupancy of the 84 self storage units. Currently 33.3% occupied (28 of the 84 new units).
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2nd Floor - Unit 210
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Medical Office
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1,535 SF
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$276,300 USD
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Unit Size: 1,535 SF
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Condo Use: Medical Office
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Price: $276,300 USD
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Sale Type: Owner User
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Price/SF: $180.00 USD
Description
Final unit for sale on the 2nd floor. The Sale price includes a construction credit of $76,750 at closing. The unit is sold in the AS-IS condition. Both demising walls are in place. Buyer controls the design and construction of the unit. The 2026 condo fees are $410.87 monthly. Baltimore County annual real estate taxes are $3,434.
Sale Notes
Assume owner occupancy financing with 20% down and financing $221,040 @ 6.5 % interest and a 25 year amortization = $1,493 monthly ($11,66 gsf) plus $410.87 monthly condo fee and $3,434 real estate taxes.
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4th Floor - Unit 410
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Office/Retail
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1,631 SF
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$260,960 USD
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Unit Size: 1,631 SF
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Condo Use: Office/Retail
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Price: $260,960 USD
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Sale Type: Owner User
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Price/SF: $160.00 USD
Description
Corner unit 410 is fully demised on two sides. Common area restrooms serve each office floor. Two elevators serve the building. The unit is delivered in the shell condition and includes the base building work letter with the HVAC, electric panel, sprinkler main line and suite entry door and glass sidelight.
Sale Notes
Buyer controls the design and construction of the unit. Current condo fees for 2026 are $436.67 monthly. Annual real estate taxes are $3,650.
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Christopher Smith
TriAlliance Commercial Real Estate Services
