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Washington DC & Mid-Atlantic  + Baltimore  + Industrial  |  January 6, 2022
7167 Kit Kat Road in Elkridge, MD
Lisa McDuffie
By: Lisa McDuffie

Colliers Completes $12M Sale of Fully Leased BWI Industrial Property

Colliers has represented a private investor in the sale of 7167-7175 Kit Kat Road in Elkridge, MD to Gaulin Properties No. 2 LLC. The 49,120-square-foot, single-tenant industrial building with a 2.6-acre industrial outdoor storage area closed for $11.6 million.

The Colliers industrial capital markets team of Michael Blunt and Clay Ellis, along with the Colliers Maryland industrial team of Tom Gentner, Brian Watts, Brian Siegel and Jason Sullivan, represented the seller.

“The demand for quality industrial assets, particularly those with a combination of cash flow and yield upside, simply continues to accelerate in today’s environment,” said Michael Blunt, EVP of Colliers.

The property is 100% leased to an investment-grade credit tenant for triple-net cash flow to the owner. It also contains a vacant, 2.62-acre IOS area for trailer/fleet and outdoor storage that can be used for building expansion by 30,000 square feet.

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Inside The Story

Colliers’ Blunt

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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