REAL ESTATE AUCTION Featuring Live & Simulcast Online Bidding $2,000,000 Opening Bid SOUTHEAST BALTIMORE – Holabird Industrial Park – – Office & Laboratory – LIFE SCIENCES BUILDING 77,225 Sq. Ft. GBA - 4.56± Acres - Port Adjacent Zoned I-2 Industrial - Ample Parking - Opportunity Zone $486,360 Scheduled Gross Annual Rent At 25% Occupancy Sale On Premises: 6411 BECKLEY STREET Baltimore City, Maryland 21224 Online Bidding Opens TUESDAY, JANUARY 21, 2025 Live Onsite Auction Begins THURSDAY, JANUARY 23, 2025 AT 12:00 NOON NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property. GENERAL INFORMATION: 6411 Beckley Street comprises a 77,225 square foot biomedical research office and laboratory building situated on 4.56 acres of industrially zoned and port adjacent land. The life sciences facility is currently 25% occupied by Pixelligent, Inc., a manufacturing company that, according to the company website, is “innovating advanced optical solutions for next-gen electronics applications.” The tenant has extended their lease through May of 2027 with increased rent beginning in June of 2025 ($543,390 gross rent per year). Current operating expenses put the building at a roughly break-even proposition as it stands, with ample opportunity for strategic building improvements to reduce overall operating expenses in addition to 75% remaining space available to occupy or lease. Proximity to the port, industrial zoning and overall acreage also present an exciting opportunity to fully reposition the building to a variety of alternative uses, including cold storage, traditional office or institutional purposes. The auction presents a unique opportunity for a strategic company headquarters, creative redevelopment or simply a well-timed value-add leasing opportunity. LOCATION: The property is located in the Holabird Industrial Park area of southeast Baltimore City. Formally referred to as the Fort Holabird Industrial Park, the area comprises a number of large scale logistics, manufacturing, office and research facilities, all maximizing their proximity to Baltimore’s highest volume ports and major commuter routes. The Seagirt and Dundalk Marine Terminals are each approximately one mile south. Tradepoint Atlantic is 5 miles east. I-95 and I-895 are within two miles, and I-695 (the Baltimore Beltway) is just over three miles northeast. Surrounding businesses include Guilford Pharmaceuticals, Eisai (human health care, medical and pharmaceutical technology), Victory Steel, Phoenix Metals, Cowan Logistics, the International Longshoremen’s Association, Steamship Trade Association, ATCO Rubber Products, Amazon and a variety of Maryland and Federal Government offices. Being within an Opportunity Zone, ownership and development of the site retains an array of tax incentives. For more information about the area, please visit: Neighborhoods – livebaltimore.com City of Baltimore – www.baltimorecity.gov CityView Map – cityview.baltimorecity.gov Community Development Map – cels.baltimorehousing.org Opportunity Zones – www.baltimoredevelopment.com Maryland Opportunity Zones – dhcd.maryland.gov SITE: Lot size – 4.56 acres, more or less, according to public tax records Fully fenced with security gate Asphalt paved parking area for approximately 168 vehicles Rear loading dock ZONING: I-2 – General Industrial Zoning According to the Baltimore City Zoning District Summary, the I-2 district is intended for “Manufacturing, fabricating, processing, wholesale distributing and warehousing. Commercial uses and open storage allowed.” A planned unit development (PUD), planned residential development (PRD) or other comprehensive special exception may provide additional property uses beyond the base zoning. For more information about zoning, please visit: Department of Planning – planning.baltimorecity.gov IMPROVEMENTS: Three story masonry life sciences building arranged for office, laboratory and manufacturing. According to public tax records the building was constructed in 1999 and contains 73,095 square feet of gross building area. Ownership records put total gross building area at 77,225 square feet. Features include: Masonry construction with steel frame and concrete reinforced floors Two elevators Two dock-high doors 12' clear height area on the ground floor The building is built-out for approximately 70% laboratory space on the second and third floors, and has infrastructure for approximately 30% lab space on the first floor. Current HVAC and operational expenses present an opportunity to strategically upgrade systems to increase cash flow. Quotes of roughly $500,000 have been previously obtained to facilitate the stated benefits, specifically as related to improvement and separation of HVAC systems correlated with laboratory operations. Additional details available within the due diligence package. TENANT – ADDITIONAL INFORMATION: The property is currently 25% leased (18,113 sq. ft) by Pixelligent, Inc., a technology research and manufacturing company, headquartered at the site. Pixelligent renewed in August of this year through May 31, 2027. Current gross annual lease rate is $486,360 ($28.85 psf), and increases to $543,390/year on June 1, 2025. Reimbursements to landlord shall include $550,890/year for operating expenses in addition to HVAC reimbursement, reduced from the current $613,972/year in exchange for adjustments to security and nitrogen gas related expenses, as well as reallocation of leased space. For more information about the tenant, please visit: https://pixelligent.com/ Please complete the Waiver and Confidentiality agreement to receive copies of the lease and additional due diligence information. TITLE: In fee simple; sold free and clear of all liens. TAXES: Current annual real estate taxes are $106,200, based on a full value tax assessment of $4,500,000. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – a $200,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (wire or cashier’s check). Online Auction Bidders – a $200,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day.