Marcus & Millichap recently facilitated the sale of a defense manufacturing facility at 109 Wabash Avenue in Reisterstown, Maryland. The 80,070-square-foot property sold for $7.3 million, amounting to $91 per square foot.
Constructed in 1979 across 5.49 acres, the facility comprises 9,000 square feet of office space alongside manufacturing areas. Bryn Merrey and John Faus from the Washington, D.C. office managed the exclusive listing, representing the seller and securing the buyer.
“Although the tenant had a short remaining lease term, their commitment to the property was evident by their complex manufacturing processes and site tenure,” added Faus. “We were able to capture national interest in the deal and deliver a strong result for both buyer and seller.”
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.