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Alterra Property Group Secures 31K-SF Baltimore Warehouse for $4M
Alterra Property Group, LLC, has purchased 1200 Chesapeake Avenue in the Baltimore submarket of Lutherville, MD for $4.2 million. The single-story building consists of approximately 31,000 square feet of service/warehouse space.
MacKenzie Commercial Real Estate Services, LLC’s Andrew Meeder and Daniel Hudak represented both the buyer and the seller, a private ownership group in Baltimore. The brokerage has been selected by the new owner to handle marketing and leasing activities.
1200 Chesapeake Avenue is equipped with 18- to 21-foot ceiling heights and 21 drive-in loading doors with drive-though capability. The property is situated on more than six acres of land located immediately outside the Fairfield Marine Terminal, adjacent to the CSX rail line, a two-minute drive from Interstate 895 and a seven-minute drive from Interstate 95. Dundalk Marine Terminal is seven miles from the site, BWI Airport is nine miles and DC is 40 miles.
- ◦Sale/Acquisition
