MacRo Stats on Recent General Industrial Real Estate Sale
MacRo closes the deal on $2,850,000 Frederick, Maryland property
MacRo, Ltd. is pleased to announce the closing on a high profile improved General Industrial real estate site located 8005 Reichs Ford Road, Frederick County, Maryland.
The 5.85 acre parcel is located less than one-half mile south of the South Street Exit of Interstate 70.
Legal Description: Tax Map 77, Parcel 155
Sale Price: $2,850,000
Zoning: GI – Frederick County General Industrial
Closing Date: June 9, 2011
Property contains approximately 16,400 Square feet of structures in two freestanding steel buildings.
Building 1: Warehouse: 10,000 SF +/- two 20-ft-wide overhead doors and 3,800 SF +/-Office space
Building 2: Small Garage: 2,618 SF with 720 SF of office
This unique piece of industrial real estate is the former home of Wastler Construction, and was purchased in September 2006 from Grimes Properties, LLC.
The new owner of the site is Sabber, LLC., which intends to make use of the entire site.
The property went on the market in mid-November 2011, and immediately received strong interest and yielded multiple offers, which yielded an executed contract in late march of this year.
Contact Rocky Mackintosh at 301-748-5655 or rocky@macroltd.com
Tags: commercial real estate, News about MacRo Ltd, real estate
[...] MacRo, Ltd. facilitated this real estate transaction. Local entrepreneur Brian Sclar of Reliable Recycling purchased this from Wastler IIII, LLC in June. The 5.85 acre site includes a 17,138 square-foot industrial building. This unique building was previously occupied by an affiliate of the owner: Wastler Construction. Reliable Recycling of took full occupancy of the building. This was a hot property as reflected by the final sale price. The site went on the market in November 2010 and within days received an offer for over $3 million. After 60 days of study, the first purchaser terminated. Within one week two more proposals were presented, one of which was Sclar. [...]