Two-Story Flex/Office Building Overlooking Severn River in Anne Arundel County, MD Sells for $1.525 Million
Trish Farrell of MacKenzie Commercial Real Estate Services broker transaction
Cybersecurity and data analytics company Blackwood has acquired 122 Severn Avenue, a 5,344 square foot flex/office building overlooking the Severn River in Anne Arundel County, Maryland for $1.525 million. MacKenzie Commercial Real Estate Services, LLC Senior Vice President and Principal Trish Farrell represented the seller, Kevin and Charlene Quinn in this sales transaction.
Blackwood is a privately-owned company which provides artificial intelligence, cloud, data, and network security; data analytics; and business continuity, disaster recovery, and risk management services to companies and federal agencies. Founded in the late 1970s by Linda and Bob Blackwood in Ashton, Maryland, the entity was acquired by Pam and Rick Morris in 2002, with the couple’s son, Ryan Morris, now serving as President.
The recently-renovated building is configured with private and collaborative office space and a conference room and features exposed vaulted ceilings, a roll-up door, and on-site parking. The property is zoned Waterfront Mixed Maritime (WMM) which is suitable for office, retail, light assembly and manufacturing, warehousing, and storage. 122 Severn Avenue is surrounded by robust retail offerings and restaurants including Annapolis City Dock, the Annapolis Yacht Club, Chart House, Eastpoint Shopping Center, Ruth’s Chris Steak House, and Leeward Market.
“With the previous occupant vacating the building this spring, Blackwood seized upon the opportunity to acquire an owner/occupied building and relocate to an amenity-rich location,” explained Trish Ferrell. “Blackwood acquired a highly-functional and ready-to-move-in building in an extremely attractive and energetic section of Anne Arundel County. Buildings of this size are rarely available in this market, the roll-up door features were highly-desirable, and the new owner purchased an irreplaceable asset that will serve its real estate needs for many years to come. Establishing a presence in the Eastport area was another important driver in the decision.”
MacKenzie Commercial Real Estate Services is the real estate brokerage arm of The MacKenzie Companies, which operates five full-service divisions addressing all real estate asset classes including MacKenzie Management Company, MacKenzie Contracting Company, MacKenzie Capital, and MacKenzie Investment Group. The company provides customized real estate solutions for institutional owners, investors, private companies, and individuals. For additional information, visit www.mackenziecommercial.com
