4000 Buena Vista Ave, Baltimore, MD 21211Show
Baltimore, MD | 62,700.00 sq. ft. | Est $ 6,299,845.20/mo
Space Available: | 62,700.00 sq. ft. |
Type: | Industrial - Warehouse |
Est. Rent: | $111.64/SF/Month $1,339.68/SF/Year |
Marcus & Millichap is pleased to present 4000 Buena Vista Avenue, an industrial building located in Baltimore. The building is zoned I-2, which allows for general industrial zoning, manufacturing, fabricating, processing, wholesale distributing and warehousing, commercial uses, and open storage is allowed. The property sits on 2.04 acres of well-maintained space and includes 62,700 square feet of leasable industrial and office space. The space is approximately 96% industrial and 4% office. There are six loading dock doors and one 15-foot tall drive-in door. The building is located next to the Fraternal Order of Police in the Hampden neighborhood, one of the most attractive places to live and work in the city. A 6-minute drive to access I-83, a 17-minute drive to access I-95, and a 19-minute drive to access MD-295.The building is at approximately 65% occupancy with a variety of tenants, including architects, tradesmen, designers, and craftsmen. The vacant 35% may allow for an upside of approximately $345,500 in gross rent when also including rent for the surface parking spaces. Currently, the industrial space rent is $9.97 on average, which is below market rent. As an investor, there is a significant upside to capture when re-tenanted at market rates. Potential tenant combinations could consist of multiple tenants, a few larger tenants, or one major tenant. The 30 parking spaces on-site are not currently being leased at market rates, and an investor could also increase gross rent with more competitive pricing per space. The property is great for an owner-occupier due to its stellar location or creating cash flow for an investor looking for a return.
Warehouse Property Information
4000 Buena Vista Ave provides tenants 62700 square feet of warehouse space for rent in Baltimore, MD.
This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.
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