Warehouse & Office on 7.96 Acres 5 Properties Offered at $11,500,000 in Baltimore, MD

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 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 22,099 SF office building is situated directly on Loch Raven Road with its own gated entrance. It is currently vacant and in good condition. As a former corporate headquarters, there is an above-average 3/1,000 parking ratio and the office is fully furnished.
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.
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. For a qualified purchaser, the owner is willing to provide Seller-Financing with a 60% LTV, 6.5% interest rate and interest-only payments for a term of 5-years. The two parcels can also be sold separately.