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861-879 Commonwealth Ave, Hagerstown, MD
Asset ClassIndustrial
Rentable SF53,379
53,379 SF Three-Building Industrial Campus on 7 Acres | NNN-Leased Through 2028/2029 | Future Owner-User or Re-Leasing Opportunity
overview of deal

Overview

Marcus & Millichap has been exclusively retained to offer for sale a 53,379-square-foot office and manufacturing campus located in Hagerstown, Maryland. Situated on 7.01 acres, the property comprises two industrial buildings totaling 42,000 square feet and a separate 11,379-square-foot, two-story office building.

 

Approximately 93% of the property is leased to Electromet Corporation under two absolute NNN leases expiring November 30, 2028, and February 28, 2029. Electromet has confirmed that it will vacate upon expiration, providing a buyer with near-term income and a defined timeline for future occupancy or re-leasing.

Investment Highlights

  • Roughly 2.5 Years of In-Place Income with a Defined Transition Timeline
  • 861 Commonwealth is 2019-Built with 16'9" Clear Height and Conditioned
  • Office Building Offers Executive-Level Finishes & Both Levels are At-Grade
  • Limited Supply of Small/Mid-Size Buildings & Strong Local Labor Base
  • Regional Connectivity | 7-Min. to I-70, 11 Min. to I-81, & 4-Min. to Rt-40
  • Desirable Industrial Market with Low Vacancy & Brand Name Neighbors
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