Industrial Outdoor Storage Asset in Anne Arundel County was recently acquired by Miami-based Bay Street Capital
EquipmentShare, an integrated equipment rental and equipment asset management company, has signed a lease with Bay Street Capital for 20,000 square feet on 5.43 acres of industrial zoned land at 1875 Mayfield Road in the Odenton section of Anne Arundel County, Maryland. The full-property lease signals the Columbia, Missouri-headquartered company’s entry into the Baltimore-Washington, D.C. Corridor, supplementing existing locations in Baltimore City and the Washington, D.C. area, as well as around the country. Matthew Curran, SIOR and Andrew Meeder SIOR, Senior Vice Presidents and Principals for MacKenzie Commercial Real Estate Services, LLC represented the tenant in this lease transaction.
EquipmentShare is a nationwide construction technology and equipment solutions provider servicing the construction industry with its innovative tools and platforms. The company provides equipment rentals, telematic devices and a fleet management platform. Construction equipment available for rent is used for agriculture and landscaping, compaction, concrete and masonry work, earthmoving, and surface preparation and cleaning among other uses.
With immediate access to MD Routes 32 and 170, the building is configured to support offices, warehouse, and service space, as well as offering an outdoor area for equipment storage. Equipped with 18-20-foot ceiling heights, four drive-in bays and one drive-through loading dock, the asset was recently acquired by Bay Street Capital, a Miami-based entity.
“1875 Mayfield Road’s location in the Baltimore-Washington Corridor represented a unique opportunity for EquipmentShare to expand their presence in the region,” stated MacKenzie’s Matthew Curran. “The building’s drive-in capabilities and excess land for storage of equipment drew EquipmentShare to the property. Industrial outdoor storage sites remain in low supply regionally, particularly those located near major highways, the Port of Baltimore, or both.”
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
