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Adams-Aumiller Sweetens Portfolio with $6M Buy of Sugarloaf Business Center
Edge has brokered the $6.2-million sale of the Sugarloaf Business Center, a two-building asset containing nearly 62,000 square feet of flex/industrial space in Ijamsville, MD. The buildings are 97% leased and occupied.
Joe Friedma and Joshua Norwitz of Edge represented the seller, RDV Investments, LLC, and procured the buyer, Adams-Aumiller Properties.
The buildings on Doctor Perry Road are minutes away from I-270, south of Frederick and Urbana and approximately 40 miles from DC and 60 miles from Baltimore. The assets are equipped with 14-foot ceiling heights and dock and on-grade loading docks, feature average bay sizes of approximately 2,000 square feet of space and include a free surface parking lot that surrounds the buildings.
Space is currently configured in a 65% warehouse to 35% office mix to suit the needs of the current tenants which include Amentum, a federal government contracting company, engineering services firm Silver Palm Technologies and Wow Your Closet.
- ◦Sale/Acquisition