New York City’s Catalyst Investment Partners has acquired 920 Brunswick St. in the Mill Hill neighborhood of South Baltimore for $3.86 million. The property has a single-story building with approximately 18,000 sq. ft. of warehouse and commercial office space, 14 drive-in loading doors, an on-site fueling station, and industrial outdoor storage (IOS) on a 3.14-acre fenced lot.
The property was previously owned by a Baltimore-area private investor. It will be occupied by Ryder Truck Rental until the end of this year.
Andrew Meeder, Matthew Curran, SIOR, and Dan Hudak, SIOR, senior vice presidents and principals for MacKenzie Commercial Real Estate Services, LLC, represented the buyer in this sale.
“The asset perfectly matches the buyer’s typical property profile, and the real estate investment group intends to secure a long-term tenant at the property,” said Meeder. He added, “The existing service warehouse building lends itself well to an array of different types of uses including manufacturing and logistics.”
“Securing IOS sites has become increasingly challenging, especially those in urban in-fill areas, and this represents an extremely strategic acquisition for Catalyst Investment Partners on several levels,” said Meeder. “The Port of Baltimore is considered among the primary roll on/roll off destination in the country, and this adds to the allure of 920 Brunswick Street.”
The property is located just northwest of Carroll Park and adjacent to RT. 1.
Catalyst Investment Partners currently owns or controls more than 60 IOS sites across the eastern United States.
