Catalyst Investment Partners Acquires Warehouse/Office Building in Baltimore with Industrial Outdoor Storage Amenity for $3.86 Million
Catalyst Investment Partners has acquired 920 Brunswick Street, a single-story building containing nearly 18,000 square feet of warehouse and commercial office space, as well as an Industrial Outdoor Storage (IOS) element on a 3.14-acre fenced-in site in Baltimore City for $3.86 million. The asset, previously owned by a Baltimore-area private investor, will be occupied by Ryder Truck Rental until the end of this year. Andrew Meeder, Matthew Curran, SIOR, and Dan Hudak, SIOR, Senior Vice Presidents and Principals for MacKenzie Commercial Real Estate Services, LLC represented the buyer in this sale.
Situated adjacent to US Route 1, less than two miles from Interstate 95, less than three miles from MD Route 295, and approximately nine miles from BWI Airport and the Fairfield Marine Terminal, 920 Brunswick Street is equipped with 14 oversized drive-in loading doors. The paved, fenced-in site is lighted and contains an on-site fueling station.
New York City-based Catalyst Investment Partners focuses on the acquisition, management, and leasing of Industrial Outdoor Storage properties and presently owns or controls more than 60 IOS sites across the Eastern section of the United States.
According to MacKenzie’s Andrew Meeder, Catalyst Investment Partners “the asset perfectly matches the buyer’s typical property profile, and the real estate investment group intends to secure a long-term tenant at the property.” He adds that “the existing service warehouse building lends itself well to an array of different types of uses including manufacturing and logistics.”
Previously considered a long-term place to store equipment or park vehicles, small sites ranging from several to approximately 20 acres has emerged as a much-sough-after asset serving the logistics, e-commerce, and other industries. Industrial Outdoor Storage parcels are typically situated near major highways, ports-of-call, and major airports as a place to store products awaiting to be shipping to their next destination. Considered vital to the supply chain, several real estate investment trusts have formed which focus solely on this category.
“Securing IOS sites has become increasingly challenging, especially those in urban in-fill areas, and this represents an extremely strategic acquisition for Catalyst Investment Partners on several levels,” Meeder added. “The Port of Baltimore is considered among the primary roll on/roll off destination in the country, and this adds to the allure of 920 Brunswick Street.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates five full-service divisions addressing all real estate asset classes including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, LLC and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies, and individuals. For additional information, visit www.mackenziecommercial.com
