Insights

MacKenzie Commercial Real Estate Services, LLC is pleased to announce the recent sale of 1919 Greenspring Drive in Timonium, Baltimore County, Maryland. Built in 1961, the 42,836 square foot warehouse building sits on approximately 1.79 acres and is zoned ML-IM, Baltimore County’s designation for Light Manufacturing. MacKenzie’s Dan Hudak and Andrew Meeder represented the seller in the transaction, and MacKenzie’s Mike Ruocco represented the purchaser.

Located in a submarket highly sought after by real estate investors, the building’s footprint and zoning provides for a variety of businesses including wholesale, distributors, technology companies, self-storage, and more. The building features both dock and drive-in loading, several mezzanine areas adding additional storage space, and major market access.

“This offering generated strong interest from local investors, creating a competitive sales process due to its market location and zoning, and resulted in a solid investment, ” stated Andrew Meeder.

At the time of sale, the building was 100% leased and includes tenants such as Opfer Auctioneering, GSI, Wood Floor Warehouse, and H&N Printing. The purchaser, 1919 Greenspring, LLC, purchased as part of a 1031 exchange.

For more information on MacKenzie’s sales and leasing services, please visit www.mackenziecommercial.com.

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MacKenzie Ventures, LLC (MacKenzie) possesses the multi-disciplined team necessary to excel in Maryland’s corporate real estate community. Comprising seven firms, MacKenzie provides clients a competitive, full service platform of offerings in leasing, sales, investment sales, tenant and landlord advisory services, corporate and business consulting, commercial development, general construction, property and asset management, multifamily property management, debt and equity capital placement, and GIS/Data Analytics.  With more than 225 employees and offices in Annapolis, Baltimore, Bel Air, Columbia, and Lutherville, Maryland, MacKenzie is one of the largest full service commercial real estate firms in the Mid-Atlantic. Please visit www.mackenziecommercial.com for more information.