MacKenzie Brokers Sale of 22,000 sf Warehouse Building in Baltimore County for $2.3M
New owner Ruff Roofers looking to expand its presence in Halethorpe with purchase of 1407 Rome Road
MacKenzie Commercial Real Estate Services, LLC has brokered the sale of 1407 Rome Road, a single-story building containing just over 22,000 square feet of warehouse space, and located in the Halethorpe section of Baltimore County, for $2.3 million. Andrew Meeder, SIOR and Daniel Hudak, SIOR, both Senior Vice Presidents and Principals for MacKenzie Commercial Real Estate Services represented the buyer, Ruff Roofers, Inc. with the seller, Mid-Atlantic Carpenters and Training, represented by Robert Filley, Nick Pirone and Bryan Herr of Marcus & Millichap. Last month, MacKenzie brokered the sale of 1407 Parker Road, a single-story building containing 103,640 square feet of industrial/warehouse space, and also located in Halethorpe. The sales price was more than $10 million.
Founded in 1939, Ruff Roofers is a family-owned roofing and sheet metal contracting company that serves both the residential housing and commercial building industries, with a specialty in historical projects. The group has worked on The State House in Annapolis, Baltimore City Hall, the Baltimore Arena, the Baltimore Ravens training facility and Johns Hopkins University. Ruff Roofers is headquartered closely nearby at 1420 Knecht Avenue and also operates a location in Queenstown, Maryland.
1407 Rome Road, built in 1969 and renovated in 2003, sits on a 1.54-acre site and features ceiling heights ranging from 18 to 30 feet and a surface parking lot suitable for approximately 30 vehicles. The internal structure is broken separate sections that include a two-story office space with classrooms and a kitchen; a 10,000 square foot warehouse space and additional training rooms and shop areas. The property also contains a ½-acre site that is suitable for outdoor vehicle, container or storage age. It is situated in the southwestern corner of Baltimore County and is adjacent to Baltimore City and Interstates 695 and 95. BWI Airport can be accessed in seven miles from the site and the Port of Baltimore is 10 miles away.
“Ruff Roofers seized the opportunity to acquire a highly-flexible warehouse building located virtually adjacent to its corporate headquarters,” explained Andrew Meeder of MacKenzie Commercial Real Estate Services. “The company saw this as an extremely timely opportunity to expand its presence in the Halethorpe area, and the availability of 1407 Rome was fortuitous as Ruff Roofers was actively searching for a building to satisfy its need for additional roof material and equipment storage space. Single-tenant warehouse buildings of this size rarely become available and are in high demand. The Halethorpe submarket continues to serve as an attractive location for service-oriented and light-manufacturing companies that need ready access to the greater Baltimore metropolitan region and BWI Airport.”
According to data from MacKenzie Commercial Real Estate Services, the vacancy rate for warehouse/industrial product in Baltimore County Southwest submarket is currently 5.3% and 3.7% in the larger BWI corridor.
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 and Datastory Consulting. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit www.mackenziecommercial.com