Industrial Property & Outdoor Storage FOR SALE


Baltimore, MD - Better Waverly
$11,500,000 USD
301-221-5322
, Baltimore, MD for Sale
$11,500,000 USD
FOR SALE
1/11
null | Request Cap Rate

Industrial Property & Outdoor Storage
Baltimore, MD
Better Waverly


HIGHLIGHTS

  • Infill Gated/Fenced Industrial Campus with 110,194 Rentable SF on 7.96 Acres with Ample Outdoor Storage/Parking
  • Vacant 82,585 SF Warehouse Offers Up to 36' Clear Heights, 10 drive-in doors, 2 docks, 1,200-Amp Electric Service and Multiple Cranes
  • 1.59-Acre IOS Area Must be Leased with the Warehouse and an Additional 1.0-Acre IOS Area Can Be Leased Seperately
  • 22,099 SF Former Corporate Headquarters Office Building is NNN-Leased for 5-Years with 4% Annual Increases
  • 5,500 SF Flex Building is NNN-Leased for 10-years with 4% Annual Increases
  • Site is Fully Fenced with Exterior Lights & Cameras and Emergency Generator Can Provide Full Power to All Buildings

OVERVIEW

Marcus & Millichap is pleased to exclusively represent the ownership in the sale of two parcels located at 2700 Loch Raven Road & 1001 Exeter Hall Avenue in Baltimore, Maryland. In total, the property offers 110,194 SF of RBA sitting on 7.96 acres, with ample parking and outdoor storage. 2700 Loch Raven Rd consists of an 82,585 SF warehouse and a separate leased 22,099 SF office building. 1001 Exeter Hall Ave consists of a leased 5,500 SF flex property with an additional acre of vacant paved IOS area. The Loch Raven Rd warehouse and separate office sit on a 5.80-acre lot with I-1 zoning and ample paved parking/outdoor storage. The warehouse is configured with two truck wash bays, five maintenance bays, a 7,409 SF storage bay and a large central warehouse space featuring 32’4” – 36’8” clear heights. There are 10 total drive-ins, 2 recessed loading docks, 1 interior dock well and multiple cranes. Throughout the building, clear heights range from 22’ – 36’8”. The rear warehouse lot features 1.59 acres of IOS, accessible via a gated entrance. The 82,585 SF warehouse and 1.59-acre IOS space are currently being advertised for lease with a warehouse asking rent of $7.00/SF NNN and IOS asking rent of $1.65/SF NNN. The warehouse and 1.59-acre IOS space must be leased together. The 22,099 SF office building is situated directly on Loch Raven Road with its own gated entrance. As a former corporate headquarters, there is an above-average 3/1,000 parking ratio and the office is fully furnished. The current tenant has a 5-year NNN lease with year-one base rent of $216,000 and 4% annual increases. 1001 Exeter Hall is accessible from 2 curb cuts via Reese St and Exeter Hall Ave and can also be accessed from the Loch Raven Rd parcel. The 5,500 SF flex building is leased for 10-years with current annual base rent of $71,500 and 4% annual escalations. The 1-acre paved IOS space is currently vacant, with an asking rent of $1.65/SF. Located in the center of Baltimore, a user will have direct access to a large local community of 144,848 residents within 2-miles. A new owner/user also has the option of leasing out spaces they do not use.

ASK ABOUT THIS PROPERTY

Bryn MerreyMarcus & MillichapMore Info
301-221-5322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bryn MerreyMarcus & MillichapMore Info
301-221-5322

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.