The 3 Key Qualifying Questions in Selecting a Commercial Real Estate Listing Broker

What should a property owner know before a listing commitment is executed with a land and commercial broker?

Let’s say you own a piece of land with some potential, or have a commercial building that you want to sell or lease.

How does one go about finding the right commercial real estate broker to make the “earth move” for you … so to speak?

All too often a property owner has a friend, a friend of a friend or met someone at a cocktail party.  Before you know it this broker has placed a sign up in front of the property and the waiting game begins.

Now, everything is under control and you are on your way to finding the perfect buyer and/or tenant, right?

For those you have had some experience in the legal side of business, the phrase “caveat emptor” is probably not an unfamiliar one.  Translated from Latin as “Let the Buyer Beware,” it is not that often thought of when a property owner (as a seller or a landlord) is seeking commercial real estate services.

In fact real estate sellers and landlords are actually buyers when it comes to contracting for the services of a land and commercial real estate broker.

Business owners and investors who hold a small to medium size real estate portfolio may have had experience in working with and selecting residential Realtors, but when selecting a land and commercial brokers, the qualifying process can take a bit more work.

Consider the following three key questions to ask the next time you are faced with such a choice:

1.         What experience does the broker have with moving real estate like yours?

Ask for very specific examples of similar property transactions – the successes and the failures.  Find out the specific technicalities of zoning, changes in use, and other governmental regulations that may or may not have impeded a smooth closing for other such transactions.  What lessons from those experiences will benefit the marketing of your property?

Does the broker have market and business knowledge of the type of property you own?  For example if the property is a multi-tenanted property, does the broker know how to read financials (familiarity of market rents, vacancy rates, realistic expense ratios, etc.) so he/she can speak the same language as the likely buyers for the property?

Will the sale or leasing of the property trigger a “change in use” in such that the local government will require a site plan modification or change in use permit, among many other avenues of red tape?

2.         What is the broker’s communication style with his/her clients?

This one cuts both ways and is probably one of the most important.

The hardest question that a property owner has to ask him or herself is can he/she build a relationship with the commercial real estate broker to where both can freely and confidentially share the truth about the real estate market conditions, the value of the real estate and real reason why the property is being placed on the market.

Does the broker have a consultative style, where he/she can appreciate the clients needs … sometimes a good broker can assist the client in finding methods that do not require a sale, when the client thought it was the only way out of a difficult financial situation.

How often will the broker and client communicate each week, month, etc., throughout the term of the commitment?  What are the expectations?

Does the broker have a strong support staff that will play a role in keeping the communications channels open?

The land and commercial real estate broker that you select must be someone you can trust (and visa versa).  As in the case of lawyer/client and financial adviser/client relationships, real estate transactions often involve a significant portion of one’s assets.

Are you, as a client of the broker, capable of accepting marketing advice that may not align with your hopes and dreams with regard to the anticipated property value, owner improvement requirements, etc?

 3.        What is the broker’s strategy find the right buyer/tenant within the shortest period of time?

Individual land and commercial real estate properties are very often considered very unique in and of themselves in type and category.

Clearly there are different pools of prospects to fish in when looking for a buyer of a 15 acre tract of general industrial land verses finding a tenant for a 2,000 square foot boutique shop in downtown Frederick.

Some commercial brokers specialize in a very specific class of real estate: mineral mining, big box retail, high rise apartments, etc. Others, as in the case of MacRo, Ltd., provide broader and more varied services to a specific geographic market.

In the case of the latter the advantage should be that the broker is an established member of the community at large and/or knows the ins and outs of all the local government agencies, as well as the mood of the political climate.

Once the path of deciding upon a specific class or at large broker is made, then it is time to consider the core principles of the firm’s approach to marketing as well as what specific market strategies can be merged into that program for the yielding the best results of the subject property.

~~~

There is any number of other qualifying questions that a property owner should ask, but if you’re in the market for land and commercial brokerage listing services, and you dig deep enough in to the depths of these core questions, you will select a very good match!

The author: Rocky Mackintosh, President, MacRo, Ltd., a Land and Commercial Real Estate firm based in Frederick, Maryland. He served as a member of the Frederick County Charter Board from 2010 to 2012.  Many of his articles also appear in  TheTentacle.com 

Mirror Mirror on the Wall, Does the MacRo Real Estate Survey Tell All?

A month ago MacRo asked you what your outlook was for the coming year. Will 2014 be “the year” or just another notch in the belt of a slow recovery for the real estate market?

Further, we took the same national questions to the International Builders Show in February to get a pulse on the outlook of the national market. We asked, you answered.

National Economic Outlook: Partly Sunny

When asked about national expectations for the economy a year from now 55% of our local market responded with a cautiously optimistic “moderately improved” with 50% of the national respondents at the International Builders Show (IBS) agreeing, but this is where the similarities end.

Real Estate Outlook: Blue Skies, Scattered Clouds

Overall the country appears to have put on a much rosier set of glasses than the Frederick County when it comes to the real estate market outlook. 25% of IBS participants anticipate a significantly better performance year in the real estate market and 66.7% feel that the market is significantly better in terms of real estate investment opportunity.

How would you rate the real estate marketplace for investment opportunities now as compared to a year ago?

Locally, a different story emerges with 44 and 37 percent of respondents only expecting somewhat better or about the same performance in the real estate market. Locally the investment outlook is lukewarm as well with 42% of respondents expecting a somewhat better year in 2014 but 35% expect the same opportunity in the market for real estate investment.

So are Frederick County area businesses more cautiously optimistic, or are we being just a bunch of debbie downers? 

Traditionally Frederick County and the surrounding commercial real estate areas have benefited from a “government bubble” – that is to say that our government influenced economy insulates us from extreme highs and lows in the market. Real and imagined government shutdowns and sequesters aside, the Washington DC market and surrounding suburbs have enjoyed over a decade of expanding federal largess. While Stephen Fuller, director of the Center for Regional Analysis at George Mason University believes government is our regions spending bubble, this distorted economy did not slam as hard during the Great Recession as real estate markets in the rest of the country did.

The Washington metro market simply doesn’t experience the peaks and valleys of the real estate roller coaster like the rest of the country. This could explain why our outlook is slightly cloudily with a chance growth. Our neighboring primary and secondary markets are more excited with their outlook. Phrases often heard on the IBS floor from representatives of Florida, Texas and Georgia real estate professionals would make us take pause…”I can’t keep up with demand”, “2013 was the best year I’ve had in a long time and this year is going to be even better”, “we expect to expand our services to keep up”. Is this the second coming?

Keeping in mind how depressed markets have been in Florida, Texas and Georgia in the heart of the downturn, it is worth nothing that on average these markets are still under performing. According to the Demand Institute, a nonprofit think tank operated by The Conference Board and Nielsen, the median price of single family homes will be close to the peak reach in 2006 by maybe…2018.

The Residential Market

To cover all bases the MacRo and IBS surveys included the residential housing market outlook as well. In any market on average the rule of thumb is that 14% are active. Locally, it looks like we may have a stronger interest in residential real estate with a total of 9% looking to purchase or sell a residence and 11% looking to invest.

MacRo Commercial Real Estate, Residential Real Estate Outlook 2014

What real estate plans do you have for your family in 2014?

In residential real estate secondary markets also have reason to celebrate. The Demand Institute study shows among the 50 largest metropolitan areas where housing prices are expected to appreciate between 2012 and 2018, the top five will see rises on average of 32 percent. The bottom five will only average gains of 11 percent. Hot markets include secondary market mainstays of Memphis, Tampa, Jacksonville, Milwaukee and St. Louis. Those with the lowest projected price appreciation are Washington DC, Oklahoma City, Denver, Minneapolis and Phoenix.

Take heart, there is a little hope. While sales overall have fallen in the local housing market, the Commerce Department reported yesterday that sales of new homes rebounded in January to the fastest rate in more than five years rising 9.6 percent to a seasonally adjusted annual rate of 468,000. The last time we saw this pace was in July of 2008.

In conclusion, our mirror seems to be mostly inline with current market performance. Only time will tell if we really saw ourselves or fell into the looking glass.

***

Interested in how the MacRo and IBS market survey trends affect the commercial real estate market in the Frederick, Maryland area? Contact our good friends at MacRo!

About the Author: Christina May, Real Estate Marketing Consultant and Managing Partner at Illumine8 Marketing and PR firm based in Frederick, Maryland. Recent GALA award winner for best Sales Center Design and Chair of the Brunswick Economic Development Commission. 

5 Tips to Selling Land and Commercial Real Estate

They say that breaking up is hard to do, but for many, knowing that it is time to part with one’s land or commercial real estate … well, it can be really hard!

Having worn many hats in my real estate career (broker, buyer, tenant, seller, landlord and developer) I thought I’d share some of the insight I’ve gained from all those hats I have collected over the years.

Whether your property is a tract of land that you have owned for years, an income producing building or a property that houses your business, at the end of the day you can’t take it with you.  It’s just an asset that is part of your portfolio and for whatever reason, you have decided to sell it and move on.

Many of the clients with whom I have worked with over the years often need one of more (sometimes all) of the following tips of advice as they prepare to place their property on the market for sale in hopes of achieving a successful sale.  Please excuse me as I use a few of  very trite phrases!

1.         Fall out of Love:

Many property owners have had a romance with their real estate.  Maybe it was love at first sight and had to have it; or bought it and grew to love it as their investment and/or sweat equity increased.  That pride of ownership and accomplishment can blur one’s vision to the realities of the market place.

Just as love is blind and young lovers find no fault in each other, some property owners are not willing to face the fact that others may not appreciate how much time you have spent with that tenant that you have nurtured over the years, or that old furnace that you have refused to replace because it works perfectly now.

It’s time to leave your infatuation behind,  stare reality in the face and see the property through the eyes of a buyer.

2.         Seek Unbiased Advice:

Part of the process of falling out of love is also allowing an unbiased third party to provide a second opinion as to what a buyer may see.   This may come from an experienced appraiser or a commercial real estate broker, who knows the market place well … Not your next door neighbor or son-in-law … I’m talking unbiased.

That opinion can often yield pleasant surprises and some times not … but the deal is to get real with the market value.

3.         Find a Master Marketer:

To many sellers often try to be Penny Wise and Pound Foolish with the approach they take to selling their real estate, by trying to do it themselves or engaging the broker offering the lowest fees.

The goal that I often recommend to my clients is to establish a goal – no matter what the market conditions are – to strive for multiple offers to be delivered at the same time.

How does one do that?

Find a broker who knows the market inside and out (comparable sales, current inventory and a keen knowledge of buyer types), and capable of providing candid marketing tips to prepare the property for sale.  This broker must have a track record of using a multimedia approach to reaching qualified prospects.  In addition the ideal broker must be able to represent the seller’s interest at all times and know how to bring a deal to the table … as they say.

4.         Don’t Try to Fulfill a Fantasy:

It today’s world of properties that are still over financed from the fantasy years of 2005, many owners still try to hold on the idea that they can yield big bucks from a sale based upon the offers they received a decade or so ago.

Yes, it may be true that the debt and or the debt service is draining an owner’s resources, and something must be done, despite that fact that a sale may not yield the funds one needs to sail off into retirement with a wad of cash.

At the end of the day there investments that have turned out good and those that went bad through no fault of the investor.

Heck! Just blame it on the economy or your most unfavorite politician … if that makes you feel better.  At the end of the day unrealistic dreams and fantasy don’t pay the bills, unless you are George Lucas.  It’s about reality.

5.         Surrender to the Process:

This is often the hardest part, as many sellers still try to hold on to their emotional attachments or the plans they have made for the fantastic net proceeds they dream of coming from a sale.  Micromanagement can be deadly.

While it is vital for the owner to come to an understanding of expectations with the professionals they have engaged and monitor that process, it is still about the realities of the market and find the right team to carry out your plans.

******

If you find yourself having problems with any of these 5 keys, take a moment to give us a call us at MacRo, Ltd. … maybe we can help.

 

The author: Rocky Mackintosh, President, MacRo, Ltd., a Land and Commercial Real Estate firm based in Frederick, Maryland. He served as a member of the Frederick County Charter Board from 2010 to 2012.  Many of his articles also appear in  TheTentacle.com 

Frederick’s Top 5 Commercial Real Estate Deals 4th Quarter 2013

The sale and lease-back deal of Frederick’s State Farm operations building tops the list of 4th Quarter 2013 CRE sales.

MacRo’s 2013 year-end recap wouldn’t be complete without a “top five” list of the largest sales of the 4th quarter.  There were 34 sales transactions of commercial real estate assets in Frederick last quarter, totaling nearly $70 million.

Following are the top five commercial real estate sales transactions for Frederick during the fourth quarter of 2013, ranked by sales price:The list below does not include the sale of several buildings at Riverview Plaza in December, as those sales haven’t been recorded with the county yet so we couldn’t get final sales price data.  Those buildings were part of a massive 285-property, $1.1 billion portfolio sale of shopping centers and multifamily properties across the mid-Atlantic, and public financial documents did not break out price-per-property on the deal.  We’ll report on that deal in our first quarter of 2014 update.

1.  $30,788,333   State Farm Frederick Headquarters – 1 State Farm Drive

In November, State Farm Mutual Auto Insurance, Inc. sold 23 Class A office buildings throughout the U.S. to Lone Star Funds, a global investor of distressed assets, in a $750 million portfolio sale-and-leaseback deal.  State Farm has signed long-term 15+ year leases for the buildings; Lone Star plans to flip about half of the properties.   

2.  $3,520,000   Worman’s Mill Industrial Park – 15 Worman’s Mill Court

First Potomac Realty Trust sold this multi-story Class A flex building to Ritchie Road Investors, LLC in November.  The building is over 40,000 SF and sold for $87.89/SF.  It was nearly 90% leased at the time of the sale.

3.   $2,974,470   Exxon Service Station – 1561 Opossumtown Pike

H. Ruskin and M. Lustbader of Illinois purchased the Opossumtown Pike Exxon station along with 7 others throughout the mid-Atlantic region in October from Mesirow Financial Investment Management; the portfolio deal totaled $28,000,000.  The building of 2,856 SF sold for $1,041/SF and sits on nearly an acre.

4.   $2,500,000   Avanti Marble & Granite – 3909 Cornell Place

Decorative Films, Inc.  acquired this Class A industrial building in Stanford Business Park from Avanti Marble & Granite in December in a purchase and lease-back deal.  Avanti will lease the building back for two years, after which time Decorative Films will expand operations into the space (Decorative Films is an owner/occupier of two other buildings in Stanford Business Park).  The building is 26,000 SF on over six acres, and sold for $81.70/SF.

5.  $2,425,000   Jeanne Bussard Center  – 555 S Market Street

ARC Properties purchased the Jeanne Bussard Center in November.  The Class C industrial building is 25,585 square feet in size and sits on 3.79 acres.  The sale netted $94.78/SF.

If you are curious about MacRo’s 2014 commercial real estate outlook, don’t miss Rocky’s post from last month: 2014 Economic Forecast: Bankers Cautiously Optimistic.

The author:  Kathy Krach is a commercial sales and leasing agent with MacRo.

Superior Class A Office Space for Lease

MacRo is pleased to offer this premium Class A office space for lease. 

Located in the City of Frederick’s HUB zone (Historically Underutilized Business Zone), this modern stone and glass office building offers a two-story grand foyer, high-end finishes, and abundant natural light. Other amenities include elevator access, cafeteria service, and on-site building maintenance / engineering service.  Located minutes from major shopping, restaurants, and Historic Downtown Frederick with quick and easy access to I-270, I-70, and US-15.

Download Brochure

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the leasing of your commercial or industrial property, contact Steve Cranford at 301-788-4373 or steve@macroltd.com

Top Ten Trends Live from the 2014 International Building Show

Wondering what is coming to the real estate industry in 2014? Skip the snow and join me in Vegas for the annual International Builder’s Show – the building industry’s biggest event of the year.

MacRo Report Top Ten Trends from IBS 2014

From Commercial to Residential, tools to products, services and software – if you can dream it, you’ll find it. Over 75,000 people are estimated to be walking the halls of the Las Vegas Convention Center this week. Can’t make the flight (I hear it may have something to do with the weather back home)? Here are the top ten trends of IBS 2014:

Active Lifestyle

As the boomers age, we have seen more and more age-related products come to the market. It is estimated that baby boomers will retire at the pace of 10,000-per-day for the next nineteen years. While this style of real estate is 30% real estate and 70% services, builders are looking for ways to incorporate a wide array of options for active adults who wish to “age in place”.

Here some highlights from the show floor:

  1. Forget aftermarket lifts, manufactures are demonstrating elevators and lifts for customers wishing to age-in-place. These products are brilliantly designed, compact and can be considered for both new home builds and renovations.
  2. Need medical devices such as rails, slings, and bathing products but don’t wish them to be a focal point in your home? New product designs cleverly integrate into a home’s architectural features and decor so you don’t even notice they are there.
  3. From the development perspective, planning the right product and amenities in an active lifestyle community remains a challenge. From duplexes, single-family to staked flats, all agree that the key is geographic dependent and thoroughly researching the local market.

Custom Building & Design

The art of the home goes beyond great architectural design. The interior of the home is reflects the personality of the owners and their lifestyle. IBS surely didn’t disappoint with color trends and new products. Here are some highlights from the show floor:

  1. Color of the Year
    The Pantone Color of the Year may be Radiant Orchid (it’s a pink, purple hue), but Benjamin Moore selected Breath of Fresh Air, a light blue tone, as its Color of the Year 2014 because it sensed a shift to lighter colors, and away from gray, which has been an extremely popular color for home interiors for the past several years. Breath of Fresh Air is just one of the many pastels the company is touting in its Color Trends 2014 campaign. It has dubbed these pastels new neutrals.
  2. It’s Back to Black
    Gray and “greige” will remain popular, but black is the new color favorite for 2014. In a Houzz poll, 74 percent of homeowners admitted to being a fan of black rooms, from bathrooms and kitchens (with crisp white fixtures) to interior doors and exterior siding. We’re seeing this bleed into other products such as siding and trim for the outside of their house as a way to modernize an older home.
  3. Smaller Smarter Home
    Previously, “smart home” options were limited to a single system that ran the whole house, but today homeowners use their smartphones to control a variety of independent systems throughout the home. From lighting to locks to appliances, smaller systems are easier to upgrade and replace.
  4. Low maintenance lawns
    Maryland would love this trend – native ground cover plants and more creatively landscaped green spaces, even including synthetic lawns, are becoming popular options as people opt out of traditional, water-dependent expanses of grass.
  5. Woodgrain
    Not your mom’s woodgrain panels – wood is extremely popular on the show floor as people skip the paint and opt for natural beauty. In fact, butcher block was the third most popular choice for counters, and hardwood was most popular flooring in the Houzz Kitchen Remodeling Survey. Expect more live-edge wood (i.e., carpentry with natural edges) in 2014 for both furniture and countertops.

Green

Green, LEED certified, net-zero – you have heard all the terms. These products seem to only get better – both in quality and cost. The on-going buzz around this topic is not only how to keep up with the ever changing standards but also how to make them affordable for consumers in both residential and commercial settings. Here are the highlights from the show floor:

  1. I can’t believe its not ________
    Plastic, synthetic, engineered. Whatever you call it, engineered products continue to get better and better. From siding and stone to windows, trim, doors, gutters and accessories these products will have you looking twice. Not only are they beautiful to look at, they are energy efficient too.
  2. Solar
    Love solar, but don’t love the look of the panels? We got a peak at some of the newest environmental building integrated roof technologies including solar electric, solar thermal and rainwater harvesting systems. New systems mimic the looks of a shingled or standing seam metal roof.  These great looking installations look like conventional roofs and the LEED credits are the icing on the cake.

Multi-family

Multi-family has been hot and it looks like this living style is here for the long-haul. Old challenges such as moisture and noise control were discussed, but the discussion about escalating construction costs and financing took center stage this year. HUD Mortgage insurance programs including new underwriting practices and upcoming plans for HUD office restructuring were discussed.

Sales & Marketing

These concepts may not be new, but they certainly struck-up lively conversation. Topics centered on lead-conversion tactics in a digital age, blogging, twitter, design centers and copyright infringement.

Interested in how these 2014 IBS trends affect the commercial real estate market in the Frederick, Maryland area? Contact our good friends at MacRo!

About the Author: Christina May, Real Estate Marketing Consultant and Managing Partner at Illumine8 Marketing and PR firm based in Frederick, Maryland. Recent GALA award winner for best Sales Center Design and Chair of the Brunswick Economic Development Commission. 

MacRo Brokers Sale of Flex Warehouse Building on Metropolitan Court

MacRo is pleased to announce the sale of 4537 Metropolitan Court, Frederick, Maryland 21704 for $2,050,000.

The sale closed on January 17, 2014.

This flex brick warehouse building has 32,172 square feet, ceiling heights as high as 16 feet, and a loading dock.  The property is situated on a 3.98 acre lot.  The intended use will be for a high end firearms training facility with plans to open in late 2014.

Rocky Mackintosh, President of MacRo, Ltd., was the agent who brokered the transaction between the seller, Heritage-Frederick Property, LLC, and the Buyer, Frederick – TWG Limited Partnership.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or acquisition of land, and/or the sale or leasing of your commercial or industrial property, contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com

MacRo is Pleased to Announce the Sale of a “Spec House” in Thurmont, Maryland

MacRo is pleased to announce the sale of a “spec house” in Thurmont, Maryland.

The property sold is a 3 bedroom, 2 bath house on 0.8 acres, located on Creagerstown Road in Thurmont.  This sale is significant because it involved a “spec house” – a speculative venture with no buyer lined up when construction started.  Since the real estate turn-down of 2007, the construction of spec houses has been quite uncommon.  Although regional/national builders continue to build a few spec houses in large subdivisions each year, smaller/local builders have basically stopped due to the uncertainty of when it will sell, and how much it will sell for.

Could spec houses be making a comeback soon?  Time will tell, but this sale is certainly encouraging.

This house was built as a joint venture between the lot owner and Hemby Custom Homes.  The sale price was $330,000.  Dave Wilkinson represented the Seller in this transaction.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of your commercial or industrial property, contact David Wilkinson: 301-748-567 or dave@macroltd.com

Initiating Commercial Real Estate Plans and the Groundhog

Despite the frigid cold, now is the perfect time to consider listing commercial real estate for sale or lease

As I sit here at home on this very cold winter day, taking a break from wrapping my frozen pipes with heat tape in the cellar of my Civil War period farmhouse, I think about all the things I have planned out for when the weather finally brings some warmth to Frederick County.

I also realize that I am not the only one who is anxious for the arrival of spring.

In the world of business and investment real estate, many find themselves in the chilly months of the new year evaluating the performance of their businesses and investment properties.  From that process many a decision is made to dispose of or expand commercial real estate holdings.

At some point it is time to put those plans into action.

The question is when.  How about now?

I liken it to the groundhog poking its head out of its burrow on a cold early February morning (or for that matter like me stepping out of my cellar), asking, “Is now the time?”

Traditionally execution of residential real estate decisions happen in the spring when the yard starts to show its luster.

Taking action on commercial real estate sales and leasing plans by businesses and investors is much different.  All too often plans are based upon contracts gained or lost, leases that are due to expire or the receipt of year end reports and projected forecasts.

No matter how sophisticated or unsophisticated one does his or her planning, sometimes it is best to seek the advice of a real estate professional.

Experience has shown me that we at MacRo, Ltd. receive more calls between early November and the end of February than most other times of the year from new and past clients who wish to sell or lease properties.

Most seek advice and guidance on the state of the current market and/or the marketability of the property that they plan to sell or lease.

After being engaged in the land and commercial real estate business for over 40 years, my staff and I are very fortunate to have earned the trust of hundreds of property owners throughout the region.

For new clients our initial meeting is also a vetting of sorts to find out if we are the right team for the job to market their property.  Most find that our consultative approach in providing sales and leasing services is what makes the difference in getting the job done in a very timely manner.

If you are thinking about putting your plans into action, go ahead and step outside … Yes, it is cold … but if you see your shadow, please don’t retreat back into your burrow, give us a call.

This is the perfect time to start executing your 2014 plans.

The author: Rocky Mackintosh, President, MacRo, Ltd., a Land and Commercial Real Estate firm based in Frederick, Maryland. He served as a member of the Frederick County Charter Board from 2010 to 2012.  Many of his articles also appear in  TheTentacle.com 

MacRo Brokers Lease of Office/Warehouse on Yukon Court

MacRo is pleased to announce the lease of 7,200 square feet of space at 5411 Yukon Court, in Frederick.  

The leased premises includes 2,700 square feet of finished office space and 4,500 square feet of warehouse space with 20′ ceiling heights.  The building is located just south of the City of Frederick at the US-15/340 and Mount Zion Road interchange.

David Wilkinson represented the landlord, OK Properties, LLC in this transaction.  The tenant is NexGreen, a lawn care and landscape maintenance company.

For more information on how MacRo, Ltd. Real Estate Brokerage Services may be able to assist you in the sale or leasing of your commercial or industrial property, contact David Wilkinson: 301-748-5670 or dave@macroltd.com.

© Copyright MacRo Ltd, Real Estate Services
Web Design by Wood Street