2728 Loch Raven Road formerly owned by Metro Cleaners
MacKenzie Commercial Real Estate Services has executed the sale of 2728 Loch Raven Boulevard in Baltimore City comprising 27,560 square feet of industrial/warehouse space for $1.53 million. Daniel Hudak and Andrew Meeder, both SIOR, Senior Vice President and Principal, as well as Matthew Curran, SIOR, Vice President for MacKenzie represented the seller, Metro Cleaners. The buyer entity was not disclosed.
The 1940s-era building, contained within a .67-acre parcel in the Better Waverly section of Baltimore City, became available when Metro Cleaners, a dry-cleaning and laundry operation, made the decision to shutter its operations and dispose of all corporate assets.
Equipped with clear ceiling heights ranging from 12 to 17 feet, with both dock and drive-in access, the building features immediate access to US Route 1 (Belair Road and the Jones Falls Expressway and is located less than three miles from Baltimore’s central business district. The Seagirt, Dundalk and Fairfield Marine Terminals are each positioned less than 11 miles away and BWI Airport is approximately 12 miles from the site.
“2728 Loch Raven Boulevard is a multi-functional building that can support a wide array of business uses including light manufacturing, professional services and logistics/warehousing which, combined with its location and size, are the primary reasons why we fielded such tremendous interest in this asset,” explained Andrew Meeder of MacKenzie Commercial Real Estate Services. “Although delivered more than 80 years, the building has an excellent physical plant that is in move-in ready condition for the next occupant. The flexibility of the building makes its suitable to satisfy multiple end-users, which created tremendous separation from other similar-sized buildings in Baltimore City.”
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, LLC and MacKenzie Multifamily Management, LLC. The company provides customized real estate solutions for institutional owners, investors, private companies and individuals. For additional information, visit www.mackenziecommercial.com