Property summary
This exceptional investment opportunity encompasses a 163,000 square foot portfolio in Sparks Glencoe, Maryland's prestigious Highlands Corporate Park. The portfolio includes three buildings and two land parcels, totaling 51 acres. Two Class A, three-story office buildings (92,909 and 69,737 square feet respectively) boast outstanding architectural designs, featuring brick and masonry construction, standing seam roofs, and ample parking (682 spaces). These buildings are situated within a 60-acre business park, conveniently located near Hunt Valley Towne Center, offering extensive retail, dining, and hotel amenities. The property also includes two undeveloped land parcels (14.29 and 13.139 acres) zoned ML and MLR respectively, presenting significant development potential. Existing stormwater management facilities are in place on both sites. The entire portfolio is offered at $18,000,000, with a price per square foot of $110.43. The buildings were constructed in 1999 and offer an 8-year lease term. This unique offering allows for individual or package sales/leases, providing exceptional flexibility and financial benefits. The property's address is 901/920/930/934 Ridgebrook Rd, Sparks Glencoe, MD 21152.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ML · Sparks, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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