Overview
Cushman & Wakefield’s Mid-Atlantic Industrial Advisory Group is pleased to present exclusively for sale 2201 Van Deman Street, Baltimore, MD, a shallow bay warehouse property totaling 44,800 SF directly adjacent to Seagirt Marine Terminal at the Port of Baltimore. The property is 100% leased to Mid-Atlantic Port Services through March 2027 with in-place rents 28% below market.
The infill shallow bay property is less than 2 miles from I-95 and is being offered at a significant discount to replacement cost in one of the most supply constrained industrial markets in the United States. 2201 Van Deman Street represents an opportunity to acquire a shallow-bay last-mile warehouse property directly adjacent to the Port of Baltimore with substantial mark to market upside at tenant lease expiration.
Investment Highlights
Immediate Mark To Market Opportunity
- Fully leased to Mid-Atlantic Port Services with a year of remaining term and 28% below market rents - potential to enhance yield substantially over the first 12 months
Premier Location & Access
- Immediately adjacent to the Port of Baltimore and just two (2) miles from I-95 and five (5) miles from I-695
- I2 zoning allows a wide range of industrial and outdoor storage uses, well-suited to port adjacent industrial tenants
Functional Infill Warehouse Property
- 44,800 SF, 200’ building depth, 120’ truck court, 5 loading doors, 18’ clear height, 50 parking spaces
- Ability to demise, but really ideal for single user to control full property
County / City East Submarket -Shallow Bay Product Outperforming
- Buildings under 100,000 SF are currently 1.83% vacant in the County/City East Submarket, substantially outperforming the broader 95 North market vacancy rate of 8.30%
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Sales Team
