MacKenzie Brokers Sale of Two Industrial/Warehouse Buildings in Baltimore, $6 Million
2300 Eskow Avenue in Halethorpe sells for $3.1 million 629 S. Philadelphia Boulevard in Aberdeen trades for $2.8 million
MacKenzie Commercial Real Estate Services has executed the sale of two industrial/warehouse buildings located in the greater Baltimore metropolitan area – to two separate entities – for nearly $6 million. Andrew Meeder and Daniel Hudak, both SIOR, Senior Vice President and Principal, as well as Matthew Curran, SIOR, Vice President for MacKenzie represented the sellers in both transactions.
2300 Eskow Avenue, a building previously used as a truck-terminal and most recently as a equipment rental property, comprised of just over 13,000 square feet of space and contained on a 3.3-acre parcel in the Halethorpe section of Baltimore County, was sold for $3.1 million. The new owner, Greenspring Realty Partners, LLC, which was self-represented, intends to lease the property. The property, which features a fully-fenced outdoor storage area and roadside visibility from Interstate 695, is located adjacent to Interstate 895 and is less than 10 minutes from both BWI Airport and the Port of Baltimore. Nearly 140,000 vehicles pass the site on a daily basis via Interstate 695, with an additional 16,000 vehicles passing the property from Interstate 895.
629 S. Philadelphia Boulevard is an industrial service warehouse containing approximately 9,300 square feet of space and was formerly used for the storage of heavy equipment. The asset, situated in the Aberdeen section of Harford County just north of Aberdeen Proving Ground, features roadside visibility from MD Route 40 and direct access to Interstate 95. The property contains a fenced-in storage yard which has the potential to be used for an Industrial Outdoor Storage (IOS) use.
Both properties were previously occupied by GT Mid Atlantic, which sells a variety of heavy construction equipment and trailers used for construction, paving, recycling, trench shoring. In 2019, Groff Tractor Holding LLC combined its locations in New Jersey, Maryland, Delaware and Philadelphia to form GT Mid Atlantic after acquiring Trico Equipment, Folcomer Equipment and CC&T.
“In both instances, our team fielded multiple offers from creditworthy buyers and successfully executed sales in accelerated timeframes,” stated Dan Hudak of MacKenzie Commercial Real Estate Services. “The outstanding interest for both assets is indicative of the continued high demand for assets of this size in the Baltimore region, as well as the rapidly-diminishing supply. The buildings are both contained near major highways and population centers and can be repositioned to satisfy the real estate needs for the next user.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates six full-service divisions addressing all real estate asset classes including MacKenzie Management Company, LLC, MacKenzie Contracting Company, LLC, MacKenzie Capital, LLC, MacKenzie Investment Group, LLC and MacKenzie Multifamily Management, LLC. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit www.mackenziecommercial.com
