MacKenzie Brokers Sale of 11.5 Acre Site in Montgomery, County
Site on 24620 Frederick Road in Clarksburg, which contains small industrial building, will be utilized by new owner for equipment storage and office space.
MacKenzie Commercial Real Estate Services, LLC has brokered the sale of an 11.5-acre site in the Clarksburg section of Montgomery County, Maryland for $5.3 million. Adam Nachlas, SIOR, Senior Vice President with MacKenzie Commercial Real Estate Services and Lisa Baker of eXp Realty represented the seller, John and Edna DeMint. The buyer, Great American Landscapes was unrepresented in this transaction.
Located at 24620 Frederick Road, the site also contains a small industrial building. Great American Landscapes is a full service, design, build and maintenance landscape contracting company that has served residential, commercial, and institutional clients since 1984. The buyer intends to utilize the site for the storage of products and equipment, as well as for office space.
Nearly 90,000 vehicles pass the site on a daily basis via Interstate 270. It is located approximately 32 miles from Washington, D.C., 50 miles from BWI Airport and 54 miles from Baltimore.
“The industrial outdoor storage asset class has become so popular of late that it now has its own name,” stated Adam Nachlas of MacKenzie Commercial Real Estate Services. “Available land remains at a premium in the Baltimore-Washington, D.C. region, but this is especially true for sites such as these with excellent highway access and visibility and proximity to major metropolitan markets. The price generated for the land reflects this scarcity, overall demand and high barrier to entry for strategically located sites. Great American Landscapes now has a highly-flexible property that will enable them to quickly access job sites with its equipment and products when serving its customer base.”
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
