Marcus & Millichap, a leading commercial real estate investment firm, recently announced the sale of an industrial outdoor storage property located at 8230 Bletzer Rd. in Dundalk, Maryland for $2.625 million. The transaction was successfully facilitated by investment specialists Bryan Herr, Robert Filley and Arvin Gholamrezae who represented the seller Fraley and Schilling while Catalyst Investment Partners acted as the buyer through representation by Mackenzie.
The 5.2-acre property is currently leased to PLM Trailer Leasing of New Jersey, a prominent cold storage trailer leasing company in the United States. According to Herr, this site is situated in a highly desirable submarket of Baltimore with strong demand from both owner/user groups and investors due to its close proximity to major transportation hubs such as Port of Baltimore and Trade Point Atlantic as well as easy access to I-695.
This recent change in ownership marks another successful acquisition within this thriving industrial market without any involvement from Connect CRE or its affiliates.
