Colliers has facilitated the $10-million sale of a 58,883-square-foot industrial building in Glen Burnie, MD. Faropoint acquired the property.

Michael Blunt, Clay Ellis, Thomas Gentner, Brian Watts, Brian Siegel and Jason Sullivan represented the seller.

“Despite recent real estate market volatility, industrial assets, especially those with the ability to increase yield through leasing strategies, are still in very high demand. Industrial leasing fundamentals, and investor confidence in them, remain strong which has placed an emphasis on investment opportunities with leasing upside potential,” said Blunt.

The facility at 6704 Curtis Court is situated 5.38 acres of land and is 82% leased to Vision Technologies on a long-term basis. The building received a $4 million renovation in 2020 that created a 10,800 square-foot vacant suite to supplement its 20’ clear, loading docks and truck court and parking area.

The property 1.5 miles of I-695 and I-895, as well as within five miles of I-97 and Baltimore-Washington Parkway.