MacRo closes the deal on $2,850,000 Frederick, Maryland property.
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.