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7715 Assateague DrJessup, MD 20794
7715 Assateague Drive
Asset ClassIndustrial, Land
overview of deal

Overview

Cushman & Wakefield’s Northeast Industrial Advisory Group is pleased to present exclusively for sale 7715 Assateague Drive, a low coverage cold storage warehouse totaling 15,000 SF on 3.00 acres in Howard County, Maryland within the Baltimore-Washington (BW) Corridor. The 3.00-acre lot in Jessup, MD is currently zoned M-2 (Heavy Manufacturing) and located in the MD Wholesale Food Center - 3.5 MSF (100% occupied). The property is directly adjacent to I-95, providing immediate access to 9.9 million consumers in the broader Baltimore-Washington region.

 

7715 Assateague Drive will be vacant upon sale, offering new tenants or users a highly functional cold storage asset with gated outdoor storage onsite and the potential to add an additional 30,000 SF of warehouse onto the existing structure.

 

The property is being offered fully vacant in the 5th most supply constrained industrial market in the United States. 7715 Assateague Drive presents an immediate value creation opportunity for a new owner or user through lease-up and/or occupancy paired with expansion potential.

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Investment Highlights

  • Highly Functional Cold Storage Warehouse with Outdoor Storage & Expansion Potential
  • Core Location - Maryland Wholesale Food Center in the BW Corridor
  • Low Vacancy rates continue in the BW Corridor (Howard/Anne Arundel County)
  • Severe Land Constraints in Baltimore-Washington Region - Drive Rent Growth

Property Snapshot

Details
Property Size
15,000 SF
Cold Storage
8,400 SF
Total Acres
3.00
Year Built
1989
Clear Height
24'
Loading
4 Dock Doors
Truck Court Depth
120'
Zoning
M-2 (Heavy Manufacturing)
Sprinklers
Wet
Parking
15 Spaces
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7715 Assateague DrJessup, MD 20794

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Listing provided by Revere CRE